<center>https://mentormarket.io/wp-content/uploads/2019/04/rollo.png</center> <br/><p>The Aussie declined yesterday as news hit that a delegation from China may cancel its plans to continue trade talks with the United States later this week because of a recent tweet by President Trump calling for increased tariffs. </p>
<img src="https://mentormarket.io/wp-content/uploads/2019/05/image-123.png" alt="" class="wp-image-17820" />
<p>The Aussie dollar felt the pain because as China goes, so does Australia.  In addition, the RBA left interest rates, unchanged at 1.5%.  What they said was leaving rates on hold was based on still spare capacity in the economy and that a further improvement in the labour market was likely to be needed for inflation to be consistent with the target. </p>
<p>So where is Aussie headed next, lets go to the charts?</p>
<p> Monthly Chart (Curve Time Frame) - monthly supply is 0.8800 and monthly demand is 0.6900. </p>
<img src="https://mentormarket.io/wp-content/uploads/2019/05/image-124-1024x503.png" alt="" class="wp-image-17822" />
<p> Weekly Chart (Trend Time Frame) – the trend is down. </p>
<img src="https://mentormarket.io/wp-content/uploads/2019/05/image-125-1024x502.png" alt="" class="wp-image-17823" />
<p> Daily Chart (Entry Time Frame) – although price is in a monthly demand zone, based on price making lower highs and lower lows, the chart suggests there is further downside on the Aussie.</p>
<img src="https://mentormarket.io/wp-content/uploads/2019/05/image-126-1024x502.png" alt="" class="wp-image-17824" />
<p>

This post is my personal opinion. I’m not a financial advisor, this isn't financial advise. Do your own research before making investment decisions.

</p>
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<center><em>Published by <a href="https://mentormarket.io/profile/?rollandthomas/">Rolland Thomas</a>
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