Mon and Tues have some AUS speeches before Tues NZ GDT price index.
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Disliked{quote} 70 pip spike not enough for you? Maybe give it at least an hour or two before preempting further direction.Ignored
Disliked{quote} Would love to say "I told you so" but I wouldn't. Merely want to explain that AU has a lot of chance to create new high, following good numbers and weakning of USD for the passed 30hours. Unfortunately, it didn't. Probably more south movement to go.Ignored
DislikedFor those people who are making comments regarding going short on the AUD/USD, where exactly is your exit price ? How much room do you really think there is to make money from below 76 ? Going short on the AUD/USD in my view is high risk, because the exit price would be very difficult to indicate because there is little room for profit. The AUD/USD is a buy, it is a buy because the technicals are very strong in favour of the value rising as well as corporate sentiment that the dollar is too strong. We have seen a daily head and shoulders formation...Ignored
Disliked{quote} So because 76 is strong support, you think that price is going to re test it ? Is that it, your only reason ?Ignored
Disliked{quote} I would agree with you if aussie does a clean break of 7110. I have not seen that happen since past 4 hrs. everytime it goes there someone is buying. haven't seen a big defence of a level in long time for the aussieIgnored
Disliked{quote} I would agree with you if aussie does a clean break of 7110. I have not seen that happen since past 4 hrs. everytime it goes there someone is buying. haven't seen a big defence of a level in long time for the aussieIgnored
Disliked{quote} That would be great so that I can buy it with at least 3 lotsIgnored
DislikedA/U is in the wilderness IMO. Could go either way. I'm waiting for a break to show it's hand. I'm not guessing. 4 hour double bottom and monthly trend line.Ignored
DislikedMy view on au: there is a resistance level around 0.7785, as long as price stay below such level, i consider it bearish. On the downside i watch 0.7535 as a level to take profits. We would need a push below 0.7700 in order to confirm the downmove idea, shorting now at current levels (small sells) is also acceptable for me. {image}Ignored