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AUD/USD

  • #58,661
  • Jun 4, 2013 7:11pm Jun 4, 2013 7:11pm
h&s on h1...target .94xx
  • #58,662
  • Jun 4, 2013 7:19pm Jun 4, 2013 7:19pm
Quoting HelloOz
{quote} housing spending increase dwelling increase.. this is what RBA wants..
Savings ratio also increased. It doesn't matter though. Clearly it is not enough. I have been reading the monetary statements and figures. Demand is weak. Businesses must lower prices in order to keep the demand. Industry is falling because of China and Europe. They don't have the mining boom anymore.

The cards are stacked against them. The services indicator hit 13 month low. I am not saying it won't get better, but currently.... at this moment it's not bullish.
When the facts change I change my mind, what do you do sir
  • #58,663
  • Jun 4, 2013 7:27pm Jun 4, 2013 7:27pm
We have a decent pull back on the Aud/Usd after its initial surge down which really wasn't that big in the first place, market is thinking long and hard about shorting this pair at the moment.
  • #58,664
  • Jun 4, 2013 7:32pm Jun 4, 2013 7:32pm
Quoting irongoose
We have a decent pull back on the Aud/Usd after its initial surge down which really wasn't that big in the first place, market is thinking long and hard about shorting this pair at the moment.
I believe we have come to the equities midpoint. I still think AUD will rebound hard if equities collapse. I am just wondering if the Fed will try and stop that from happening. Bond rates keep going up, which may be a sign to come. Bonds tend to lead.
When the facts change I change my mind, what do you do sir
  • #58,665
  • Jun 4, 2013 7:44pm Jun 4, 2013 7:44pm
Quoting sapsky
If it breaks 0.96 today, it leaves me no choice but jump off the building...bankrupted... 1 million debt...
Its going up! DON'T JUMP!!!
  • #58,666
  • Jun 4, 2013 7:46pm Jun 4, 2013 7:46pm
Quoting irongoose
{quote} Its going up! DON'T JUMP!!!
It also went up monday and than free fell. Unless you are a micro-trader, going up or down is not a bad thing.
When the facts change I change my mind, what do you do sir
  • #58,667
  • Jun 4, 2013 7:48pm Jun 4, 2013 7:48pm
Quoting Pip Anon
{quote} It also went up monday and than free fell. Unless you are a micro-trader, going up or down is not a bad thing.

The other guy can save his account though and live another day at least.
  • #58,668
  • Jun 4, 2013 7:50pm Jun 4, 2013 7:50pm
Quoting irongoose
{quote} The other guy can save his account though and live another day at least.
What exactly are you referring to?
When the facts change I change my mind, what do you do sir
  • #58,669
  • Jun 4, 2013 7:51pm Jun 4, 2013 7:51pm
NZD/USD is up since the GDP come out, could it be an early warning sign of a rise in the AUD/USD ?????
  • #58,670
  • Jun 4, 2013 7:55pm Jun 4, 2013 7:55pm
Quoting irongoose
NZD/USD is up since the GDP come out, could it be an early warning sign of a rise in the AUD/USD ?????
decent correlation .64
When the facts change I change my mind, what do you do sir
  • #58,671
  • Jun 4, 2013 7:56pm Jun 4, 2013 7:56pm
SAPSKY jumping off a building because the AUD/USD falling below .96.
  • #58,672
  • Jun 4, 2013 8:00pm Jun 4, 2013 8:00pm
Quoting Pip Anon
{quote} decent correlation .64

You maybe right but I'm going to just keep an eye on it for now, like I said I still believe the USD is in a state of pump and dump and if I'm wrong there will be plenty of time to get into either the AUD or NZD.
  • #58,673
  • Jun 4, 2013 8:00pm Jun 4, 2013 8:00pm
IMHO, AU has fallen too far and need take a rest before going more, may be it is in the correction up, to next month . Just sell high and buy low.
  • #58,674
  • Jun 4, 2013 8:04pm Jun 4, 2013 8:04pm
Quoting irongoose
{quote} You maybe right but I'm going to just keep an eye on it for now, like I said I still believe the USD is in a state of pump and dump and if I'm wrong there will be plenty of time to get into either the AUD or NZD.
Dollar is shaky for sure
When the facts change I change my mind, what do you do sir
  • #58,675
  • Jun 4, 2013 9:43pm Jun 4, 2013 9:43pm
Quoting new_member
0.9930 still my target...if the price go down is an oppurtunity to for me to entry long...


its down yesterday...already entry long position...whatever it is, line there is my stoploss...
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.h4endtren1.png Size: 44 KB
  • #58,676
  • Jun 4, 2013 9:52pm Jun 4, 2013 9:52pm
A long from .953 - .957 would be sweet as honey, hot as cherry, tasty as tomyum.
  • #58,677
  • Jun 4, 2013 10:46pm Jun 4, 2013 10:46pm
Quoting irongoose
{quote} I'm still a believer that the pump and dump is on with the USD and I'd rather wait till it posts it's numbers over the next couple of days because there is no telling whats going to happen with this pair if the USD posts crappy numbers. I could be wrong but its just not worth taking a chance on to me.
good point, I am holding a small long position but its turned against me and I am now underwater... this pair doesnt seem to wanna bounce!
90% of people, are wrong about 90% of everything, 90% of the time...
  • #58,678
  • Jun 4, 2013 11:06pm Jun 4, 2013 11:06pm
Quoting theDHT
{quote} good point, I am holding a small long position but its turned against me and I am now underwater... this pair doesnt seem to wanna bounce!

We get bad USD numbers I think you're going to be glad you have that long position, plus I don't believe this Aud is going to stay down much longer anyway, production around the world should go up some for the up coming Holiday season and that will help the Aud as China starts making this season's toys.
  • #58,679
  • Jun 4, 2013 11:08pm Jun 4, 2013 11:08pm
Well, the AUDUSD is not performing as much as I have expected. It has retraced up to 23.6% but failed to move up to 38.2%. Most importantly, look at the divergence of the AUDUSD, I really wouldn't dare to continue any Long position. I will instead take up a short position.
Here's my analysis

More at http://alternateforexiew.wordpress.c...vious-quarter/
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD 5JUNE.jpg Size: 210 KB
Knowledge is powerful tool that we can ever have.
  • #58,680
  • Jun 4, 2013 11:15pm Jun 4, 2013 11:15pm
Quoting rikusks
Well, the AUDUSD is not performing as much as I have expected. It has retraced up to 23.6% but failed to move up to 38.2%. Most importantly, look at the divergence of the AUDUSD, I really wouldn't dare to continue any Long position. I will instead take up a short position. Here's my analysis More at http://alternateforexiew.wordpress.c...vious-quarter/ {image}

nice work, and i may agree with you later today because if this thing fails at a key level, all hell will break lose!

but for now i still favor a bounce, and decline after a relief rally... atleast i think that would be the most healthy scenario!
90% of people, are wrong about 90% of everything, 90% of the time...
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