aud usd descent to sanity — Finally aud dropped from 1.08 to 0.97 just in a few months. Any good reads on AUD ? I can't find any good reason to support a strong aud anymore.... 1) commodity boom's end 2) weakening economies in China and Europe ...

CANT FIND anything to support rally — There is scant good news except for jobs, i am still bearish. At least until parity before a retracement.

retracement points — last i remembered strong support for aud at parity and 0.98. So if you are hoping for retracement 1,01 is pretty close, but i'll go in at 1.0050, i dont care even if i miss an entry point, coz i like bargains.

Ok everyone knows the slide ... but what about .... — Yeah so aud is sliding, china is going into recession, commodities bubble bursting, rba cutting rates, no qe3 bla and bla and bla. Whatever, where do you guys think the aud will retrace ?

2 sides of the coin — I agree with your trading strategy, although I am waiting on parity to buy. I am still quite shocked that after that .5% cut, aud didn't go to at least 1.01, my guess is that market are expecting QE3 or they do not expect ...

Any ideas where aud will go from here ? — Okay , .5% cut on rate, I was expecting .25% , but the drop wasnt significant imo, any probability it might drop more ?

This has been bugging me too — Like i said, at least imo .25% rate cut wasnt priced in, but it doesnt really matter, as a trader you must be able to react to all kinds of situation. What i would play now is a wait and see. IF there is no rate ...

it's just a guess — It's just a guess tho, but i think at 1.04 rba rate cut wasn't priced in. If it does get any higher to at least 1.05 defnitely worth selling if you are gambling for a rate cut. But then again, at 1.04 is QE3 priced in ? so ...

USD slumped - > ?? — So, USD slumped, this will definitely get the RBA moving to lower interest rates, but QE3 seems more likely now. I am suggesting playing a short on AUD at 1.05 banging on Rate cut.

nice analysis — I highly doubt a 0.5% rate cut, although they should have cut month ago. The global economy is weakening now, but even if there is no rate cut next week- i dont find it likely for aud to rise to 1.05 level again.

trust your broker with 20% confidence if : — Trust your broker with 20% confidence if : 1) earns more commission when you trade regularly. 2) insists on you to make FREQuent trades. 3) gives you a general idea on how to trade , but doesn't ...

400 + pips ? — You are saying it will go up 400 plus pips in a few days, that's crazy.

Amazed — Nice phrases, but how does it connect to the thread ?

My 2 cents — Stop fighting in the threads, it's just disruptive, opinions and analysis are appreciated. I mentioned before the aud is gonna tank from 1.07ish level, yet there were those in the thread who was saying aud was gonna go to 1.13, I ...

There is a reason for a case of AUD bear, though the swap is still nice — url

In the long term, long term trading wins out — Told you guys to short aud at 1.075ish , it wasnt gonna hold. Tried real hard to overcome a strong resistance at 1.08, but failed. I still am waiting on parity, with the chinese declaring slower ...

Sell is appropriate at 1.075++ level — url there's definitely more greek drama to come, it's not over yet. I dont think market priced in a fail yet, at least, holding a sell at 1.075 will most likely yield good results in the long term. Put ...

pattern is obvious — Okay the range will be 1.065 to 1.08. That's the pattern nowadays. It might break 1.08 this time, but it's unlikely.

Finally some action — Ready your shorts when it passes 1.08.

it's a sideways world out here — There's no point in scalping at around 1.07 , I cant find any indicator, would anyone be kind enough to suggest sth ?