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AUD/USD

im paying attention to this down trend, not sure if will hanging for long.

watching to the reverse and buy.

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- If you plant corn, you get corn
Quoting Mastropiero
im paying attention to this down trend, not sure if will hanging for long. watching to the reverse and buy. {image}
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re-touch of down is still in play imo
Quoting squidster85
{quote} {image} re-touch of down is still in play imo
A double bottom? sure, that would be a book reversal
- If you plant corn, you get corn
Quoting Mastropiero
{quote} A double bottom? sure, that would be a book reversal
i dont trade patterns as i dont find them reliable. My strategies are based on machine learning algos and pullbacks.
Building Approvals Australia .. what a disaster expected +1.0% print -9.4%

China trade war looks bad now that USCMA has a non bilateral clause. Australia will be on the receiving end of a Chinese downturn

Im surprised to see AUD/USD with a 0.7 in front of it.. But all is good to those who wait and fundamentals always play out in the end .
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potential to come down more...but im out as ive found another opportunity on EJ.
Quoting squidster85
{image} potential to come down more...but im out as ive found another opportunity on EJ.


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that worked quite well..... no idea where its gonna go next...
https://www.forexfactory.com/showthr...4#post11544904
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www.sme-fx.com
Day Chart:
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www.sme-fx.com
Quoting babakeni
{image}
Patience does pay. Price is at hourly support will be looking for buy opportunities going into non farm report. Be green!
Long AUDUSD

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This is not investment/trading advise. Will not hold accountable for loss
The drop continues on the AUDUSD and the pair reaches the 0.7100 level, which has acted as support in the past. The AUDUSD may try to bounce to the upside from the 0.7100 level, but if it continues dropping, then the 0.7000 level could act as support.
Again i have seen a number of people post fancy charts... but reason why AUD got hammered vs all currencies pairs expect NZ, is because price of copper got hammered a bit, also RBA have signaled no rate hike till next year.

lower AUD is great for the australian ecomony!!!
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Quoting yousername
Long AUDUSD {image}
Long AUDUSD
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This is not investment/trading advise. Will not hold accountable for loss
Quoting yousername
{quote} Long AUDUSD {image}
Decided to short
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This is not investment/trading advise. Will not hold accountable for loss
Oh dear China does like what Australia is saying

https://www.news.com.au/finance/econ...f55e09ae5548a0

Trade war ? Sanctions ?

Australia has depended on China for too long. Maybe this is a wake up call to start becoming non dependent .
Quoting lasty
Oh dear China does like what Australia is saying https://www.news.com.au/finance/econ...f55e09ae5548a0 Trade war ? Sanctions ? Australia has depended on China for too long. Maybe this is a wake up call to start becoming non dependent .
Australia has always been dependent on other countries due to the population being tiny.

- USA or CHINA is the only option for supplying goods and my money is to stay with china. News has been saying that the tariff war will sink Australia. TO be honest since the tarriff war freight from CHINA into Australia has been hectic, how do i know? i work in the industry of logistics,
Is there a possibility that prices will move back towards 0.704?
Quoting newtraderer
Is there a possibility that prices will move back towards 0.704?
of course
- If you plant corn, you get corn
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