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AUD/USD

Quoting fork-forex
Jumped in this 1 hr before news. Potential targets at about 0.77100 area. {image}

Take profits about to be hit.
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seems like 7752 should be some support, will try some cheap longs there...

edit, filled, and now risking 5, try for 7812....

out at BE just now, tired of it...
Look Sharp/Trade Tight
Quoting PayTheLimit
seems like 7752 should be some support, will try some cheap longs there... edit, filled, and now risking 5, try for 7812.... out at BE just now, tired of it...
I'm holding longs for 2 weeks,better it rises now.very slow pair.aussie and kiwi are slow moving pairs

PAIR: AUDUSD

TimeFrame: 60 Min

Pattern: Bearish Cypher

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Quoting T4Trade
{quote} I'm holding longs for 2 weeks,better it rises now.very slow pair.aussie and kiwi are slow moving pairs
It is just consolidating for the next impulsive move. This is the characteristic of this pair.
perhaps 7823 is a resistance, might be worth a go, aussie seems the laggard...
Look Sharp/Trade Tight
Kinda curious, I think wave up is going to be delayed again. Might see a drop this week
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Quoting lasty
{quote} What your bullish ? The market hasn't digested the economic fundamentals and is simply buying AUD on weaker USD. School boy error. The property market in Sydney and Melbourne are beginning to show signs of cracks. Headlines today is that $8bn worth of property has been relocated from Sydney to Brisbane .. This gathers momentum and flood gates open. People are so leveraged that they can go into negative equity very quickly and banks can call in the loans. Others have been sold interest only loans and revert...
I share your view on the AUD, but it seems to defy gravity, so I just surf the wave. This article on Bloomberg points to the current alpha bull and alpha bear, we just need to watch the price action and hitch-up to the winning side. The fundamentals seem to be taking a long time to play out.

https://www.bloomberg.com/news/artic...long-on-aussie
Quoting Vitallica
{quote} I share your view on the AUD, but it seems to defy gravity, so I just surf the wave. This article on Bloomberg points to the current alpha bull and alpha bear, we just need to watch the price action and hitch-up to the winning side. The fundamentals seem to be taking a long time to play out. https://www.bloomberg.com/news/artic...long-on-aussie
In my years of trading, I don't believe anything the banks/hedge funds/insurance companies/fx market makers say they are going to do. Sometimes have solid theory but that's about it. They are wrong in most of their calls, for reasons you can imagine. The most reliable I've found is the Deutsche Bank... strangely enough they are short AUD.

https://www.fxstreet.com/news/short-...k-201710101108
Quoting redalert
{quote} In my years of trading, I don't believe anything the banks/hedge funds/insurance companies/fx market makers say they are going to do. Sometimes have solid theory but that's about it. They are wrong in most of their calls, for reasons you can imagine. The most reliable I've found is the Deutsche Bank... strangely enough they are short AUD. https://www.fxstreet.com/news/short-...k-201710101108
At the risk of becoming eternal skeptics, I think we all harbour the suspicion that the combined "they" create news to herd the retail market with their recommendations and viewpoints. I would like to short this pair, and my trading system has flagged a short, but I would like to see it break below this consolidation zone before getting in. The DB entry at 0.7757 would be a potential trigger - the target of 0.7500 would be nice target if we can get there.
I have enclosed the AUDUSD Daily Chart, using the Heikin-Ashi bars and the 5-period high-low smoothed MA channel. The OANDA order book indicator shows the retail market is more bullish (54.3% long), but note the large pending order blocks (0.7830 Sell and 0.7700 Buy). I am still trying to get a handle on the value of this indicator, but from recent experience I think there will be some potential for a pull-back which will likely top out just below the 0.7830 level.
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...
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go and stay above 0.7800....then can look forward to 0.7900 and beyond.
Expect the unexpected; take your profit and run.
Two areas to go long.
Down first then up.

Daily Chart
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I've got a sell on the A/$ from 4H looking for move lower to .7755
Quoting LuKa12
I've got a sell on the A/$ from 4H looking for move lower to .7755
Maybe more?
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mostly dead money in the Aussie this week, that said, I'll consider shorts at 7823ish...
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Look Sharp/Trade Tight
Quoting IPMan
{quote} Maybe more? {image}
i wont be objecting
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