Initiating a small LONG positionAUD/USDOANDA:AUDUSDdchua1969To say that China would help buy up the AUD dollar just like the US helping Japan to buy up the YEN is too simplistic a view, imo. China has a lot on its table with the new initiative of 2026 - AI Plus initiative - pushing many of its domestic tech companies to reach new heights! Many institutional as well as retail investors are still awaiting for the government to "show hand" to help prop up the economy (which help push up the stock market) but were quite disappointed in the July's meeting ! (even with a slowing 2nd Qtr growth) Property market - don't believe what the agents online are telling you - NO , it is still not out of the woods! Consumer demand still remains weak, with people moving towards "value for money" options , stretching their YUAN dollars more than before. Plus, the job market has not been doing well too. Too many factors can influence the moves of the currency and to spend too much time analysing it , to me is a state of analysis paralysis. Most important is to have a SL in place, test your own hypothesis with a small position and if it goes well, you can add on later. No rush, no hurry, do it at own pace. As usual, please DYODD