AUD/USD

I was going to refer him to one of your posts on the matter but couldn't be bothered in the end

Let him be

He was quoting me in that post

I was smiling

No need to educate the smart guy

I cannot be awake up until 03:30 (here's time) to follow the news, but I would go short, from the purely technical point of view. But since we have a high impact event later, anything is possible. We're now playing hide and seek tightly around 0.76 in anticipation of the event.


I will see in the morning if I was right.

the range is getting tighter. Awaiting for a breakout on either side before i execute my next trade.

Nice breakout

can you recommeded for TP

Around 0.756 at least, ideally 0.75.

This is tricky, there are tons of supports below.

.7560
.7520
.7500

Price may bounce off these supports, AU has been bullish lately.

*Not trading recommendation/ advice.

Cheers!

limit 0.7516 or in channel 0.7500/0.7475 ok to bounce for the the target again ,. take care
fontu

ANZ on the AUD (forecasts) & RBA
http://www.forexlive.com/news/!/anz-...d-rba-20170623

At the moment, the price moves down to the 0.75307 point. And I believe that the price after reaching this point will move up to the point of 0.76071.

AUD/USD @.7588

LI is speaking now and is mentioning about world economic growth not looking to healthy.

He is also talking about limiting trade freedom and fairness which is directed to the USA im assuming

Even so the reason why I have picked AUD/USD thread to post this information on is quite simply Australia relies on China.

It hasn't managed to get its act together to do anything else. Its full of bureaucracy.

Im waiting for the golden opportunity to sell AUD which I have done against crosses but the big fall is getting nearer on the AUD/USD.

Its got 10pct in it maybe more.

Waiting for price action to break down

H1

I think AUD goes higher from here, probably over 77. But in a month or 2, once this up trend is broken we are going way down, into the 60s and 50s.

Do you guys think that au would be attractive today? I mean...all The Central Bankers speaking and stuff..they might all be hedged into aud nzd and gold imo

Prices didn't break down, rallied instead. No trades taken atm.

H4

Im telling ya, this is happening, over 77. I have a model that I unfortunately can't share but this rally will keep going for a while yet. Once this uptrend breaks all hell will break loose to the downside. All the way to the 50s by end of 2018 and 60s by end of 2017.

Oh dear .. We have ex RBA Board members trying to predict interest rate increases - 8 in fact in 2 years.



There is nothing on the radar that sees the Australian economy that robust.
Infact there is more likely of a chance the RBA will decrease rates.

http://www.perthnow.com.au/news/west...d579b9115717d0