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  • AUD/USD – Through 0.95 and to Lowest Level in 18 Months

    From oanda.com

    After recently breaking out above the key 0.97 level and reaching a two week high the AUD/USD has since reversed and moved through the bottom of the recent trading range and to a new 18 month low below 0.9500. For the last couple of weeks the Australian dollar established and traded within a range between two key levels at 0.9550 and 0.97, which was able to halt the strong decline it experienced through May. A few weeks ago the 0.97 level provided some support and in recent weeks has provided stiff resistance to any rally efforts, which is why it was significant that the AUD/USD broke through that level, despite its ... (full story)

Wait a signal of aud / usd .....not trade with daily chart look at monthly chart. if price line below 55 sma on monthly chart the aud will bear below 0.90. if price line above 55 sma then its time to bullish of aud. please make sure with fundamental.....
Trade Balance was way lower then expected on the AUD so why did it go up after the news came out?
because of revised previous data
look at the GDP and GNP Deflators for hints on Australian inflation.
The Oanda COT report shows 79% long positions - unbelievable! While that huge imbalance exists the long are going to get squeezed big time, so look for the AUD to fall further towards the next level at 0.9387, and medium term 0.9000.
What do you mean previous data ? Graph still shows lower than previous and still trying to bullish while data is negative or this is the different FORMAT . May be i did not understand .
Please help us
For the early part of the evening, PST, Aussie is caught in channel .95015 - .94703
Aussie broke through support side of channel at 19:58 pst and is now surging south.
Long term analysis!!! Look at weekly chart and easy to see why we heading south. There is plenty more room to the downside. Agree with your target Deono9999 have 0.9350 next target then 0.9050
Simply don't look at COT reports, not just at Oanda, but on any of these sites. They show only the retail traders' positions. The market makers lead the trend!
The greatest risk in life, is not taking one!
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  • Posted: Jun 5, 2013 9:04pm
  • Submitted by:
     Newsstand
    Category: Technical Analysis
    Comments: 10  /  Views: 2,990