Attachments: AUD/USD

AUD/USD

#104,021
Jun 11, 2018 3:29am Jun 11, 2018 3:29am

csc2009
| Joined Apr 2014 | Status: Trader | 1,049 Posts

The pair is trading almost flat just above 0.76 level, consolidation is likely to continue within a range between 0.7560 to 0.7680.

#104,022
Jun 11, 2018 3:42am Jun 11, 2018 3:42am

nimtrader
| Joined Dec 2016 | Status: Trader | 534 Posts

if it hits 0.77 I wouldn't be surprised if it and jpy (esp) and other crosses drop
anyway as my rider says

I will get my head around this, but always can be wrong

#104,023
Jun 13, 2018 5:41pm Jun 13, 2018 5:41pm

lasty
Joined Aug 2008 | Status: Trader | 3,386 Posts

https://www.smh.com.au/business/the-...13-p4zl94.html

Finally common sense is prevailing and the fundamentals will play out.

If the opposition get into power expect it to rapidly deteriorate as they want to tax everything and open the flood gates for immigration so wage growth will be subdued for years to come.

#104,024
Jun 14, 2018 2:02am Jun 14, 2018 2:02am

DrManhatten
Joined Feb 2017 | Status: Trader | 1,662 Posts

Quoting lasty

Disliked

https://www.smh.com.au/business/the-...13-p4zl94.html Finally common sense is prevailing and the fundamentals will play out. If the opposition get into power expect it to rapidly deteriorate as they want to tax everything and open the flood gates for immigration so wage growth will be subdued for years to come.

Ignored

Yikes! That is depressing to think about!

#104,025
Jun 14, 2018 5:36am Jun 14, 2018 5:36am

WhiteMouseFX
| Joined Sep 2016 | Status: Eyes on the big moves :-P | 490 Posts

Quoting DrManhatten

Disliked

{quote} Yikes! That is depressing to think about!

Ignored

I don't think these smoke and mirrors can continue fooling people much longer.
In the end, when the "music" stops, people are going to wake up from this hypnotic trance. Hopefully not too late!

Hey buddy, let's grab some Pips!

#104,026
Jun 16, 2018 3:08am Jun 16, 2018 3:08am

DrManhatten
Joined Feb 2017 | Status: Trader | 1,662 Posts

Quoting WhiteMouseFX

Disliked

{quote} I don't think these smoke and mirrors can continue fooling people much longer. In the end, when the "music" stops, people are going to wake up from this hypnotic trance. Hopefully not too late!

Ignored

I hope its not too late, but the cracks in the dam appear to be widening in some places.

#104,027
Edited Jun 17, 2018 7:52pm Jun 16, 2018 9:11pm | Edited Jun 17, 2018 7:52pm

nimtrader
| Joined Dec 2016 | Status: Trader | 534 Posts

hate to say it but...
see those highs, it was when the current opposition was in power and the mining expansion was happening
make of it what you will

Attached Image (click to enlarge)

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edit
but if you look you'll notice the Aust Govt Debt flew through the roof with the change of Govt (unlike Howards's version)

I will get my head around this, but always can be wrong

#104,028
Jun 17, 2018 8:11pm Jun 17, 2018 8:11pm

lasty
Joined Aug 2008 | Status: Trader | 3,386 Posts

AUD @.7432

Many waiting for a bounce in this pair but too many factors are weighing on the downside.

China risk .. trade tariffs...and local fundamentals.
It appears a large buy order has now been completed over the past week/s which has squeezed out the shorts and the market seems long to square.

We can possibly a freefall as the USD seems to be gaining strength.

Im still targeting sub 70 cents

#104,029
Jun 18, 2018 3:57am Jun 18, 2018 3:57am