The Aussie dollar has broken south, reflecting China's economic wobbles. Is it done, is a bounce due or are lower prices to continue?

The Australian economy is on the teat of China's (and Asia) economic growth. You can easily conclude that the more frequent use of 'Chinese hard landing' has been in the media more so. China is trying to shift funds away from it's home grown and very large property bubble (empty cities with 100% sold apartment blocks with no people in the city or apartment, go figure, can cheap money do that!! Sure can!). And the mention of the wobbles from Japan is just too scary.

FXA (AUDUSD Etf) price is dead on the 1x4 Gann Angle, therefore news out of China this week will be critical to the risk of the carry trade (AUDJPY) and equity markets worldwide.

Investing Quote...

..."The only way you get a real education in the market is to invest cash, track your trade, and study your mistakes.... The examination of a losing trade is tortuous but necessary to ensure that it will not happen again." - Jesse Livermore

..."The key to making money in stocks is not to get scared out of them." - Peter Lynch