AUD/USD

40 pips up

Update

AU

Well that was a roller coaster!! Am out now! Think I'll maybe stick to the DAX

More bear for AU.. I agree it's a rola-mova but they all have these tendencies to clear out weak or over leveraged trades

I currently have 0.701942 as a minor support 300 more pips

aud h1

AUDUSD is trading above the support level 0.73539 and forms a downward wedge pattern in a technical 4-hour chart. I expect the bullish momentum to continue for next trading hours, pair would face hurdle at first resistance level at 0.73849 and if it sustains above this level then it will face second resistance at 0.74033. Further mounting pressure will force the pair to climb till level of 0.74349.

If it crosses the support level then it could get second support at 0.73470 and may witness a fall till level of 0.73114 after sustenance below third support at 0.73305

aud h1

Short Term : Bullish Structure

Attached Image (click to enlarge)

Hello everybody...im a new member here. Hopefully we can share our opinion and view later. Happy trading guys

The pair has been rejected near 0.7440 zone, which indicates bearish potential. However, the pair currently is still trading in the range, waiting for a break-out of next directional move.

https://www.news.com.au/finance/real...b9019e81381885

Watch this turn into a nightmare for many ....

Mind you I always worried how so many on average wages could borrow so much and now thats all out in the open

time to go long. positive news are coming and Trump wants weaker dollar.

stoploss 0.7355 target 0.7538

the PM is an exgoldmansacshs (sp) VP
if he can he will sell the paddle so you can't try get out (worth 200M, personally(made trading forex)) + a blue blood

If trump wants a weaker dollar then his left frontal lobe needs to get in sync with his right because they are operating at polar opposites at the moment ...... (or is that bipolar)

https://www.foxbusiness.com/economy/...e-to-celebrate

I think the psychologists will have to update their books with new types and categories after experiencing the existence and the type of Trump behavior.

The Barclays do not believe in the ability of the Australian dollar to grow

Barclays currency strategists do not think that today's report on consumer inflation in Australia will be able to provide serious support to aussi. The Bank expects that given the higher energy prices and rising food prices in the conditions of drought on the East coast, the overall consumer price index will show an increase of 0.6% mom and 2.3%. this is with the consensus of economists at +0.5% mom and +2.2% can encourage bulls, but Barclays do not think that core inflation will be able to present the same surprise, and believe that its growth rate will remain modest.

The Bank's strategies also remind that the Australian housing market continues to decline, the growth rate of wages remain sluggish, and data from the Melbourne Institute indicate a weakening of inflationary pressure. Under these conditions, even stronger data for June will not be enough to return optimism to the bulls. Also, Barclays advises not to forget about the negative consequences of the weakening of the yuan and the US — China trade conflict, and warns that AUDUSD should not expect a tangible improvement in the dynamics in the foreseeable future-the Bank adheres to the forecast for the next four quarters at the level of 0.73.

I was short.. IF this short can survive EU/US sessions ahead.. I'm sure this will look good on H4

I'll post more laters..

Repeat: Like I said earlier.. the SL must sustain the EU n US session.. in order to look good on H4.

this chart is better.. with VSA..

I put arrows manually (not an indi.)

I have the same short with SL at BE now. Not a super significant move down, only 15 pip so far but I’m holding