AUD/USD

if you are going to take this swing trade setup, keep in mind that this might take 45-60 days to hit 7000,
so you have to factor in the negative swap on AUDUSD. Good luck!

Do you think there will be a spike up or down if rates stay the same AUD/USD?

long position 6770

move sl BE and let it plays, if everything going okay i will keep this trade til the end of the week

if iron ore keeps falling then maybe nothing can stop the rot

not me i not keeping it..closed money in pocket

keeping it short

Interesting base here...
Watching for breakout

yeah. compressing into desc trn on H2 price chart. Could mark the bullish reversal.
Should be interesting next few days.

before you go all-in on buy side, keep in mind that downside break out got a higher probability, since we are in a very strong downtrend in AU.
Bears should aim to short sell from overhead.

target hit. bulls sleeping with the fishes.

Why isn't the Aussie following Gold? Has the Aussie/Gold correlation ended?

#AUDNZD / Weekly / Two Ideas

closed yesterday's trade, went short but expect a rise now

Looks like it had a stop run and is going up

yeah selling again.. so trendy. pivoters would be taking a beating. im aiming for 6650

Last candlestick was a bullish belt-hold.
We will see it.

Meanwhile 14 falling bars in a row were yesterday in AUDUSD. It is the longest falling bars sequence since 2002! There were no the same or longer sequences in the history since 2002 year. Of course it depens on what time do you use to forming daily bars. Here is UTC time:

AUD / USD has reached the bottom of its global channel. Below 0.6800, they began to buy it in large volumes. Therefore, a reversal to 0.7000 and higher is now possible.

Weekly

NAB discusses AUD/USD technical outlook, and flags a scope for a bullish squeeze in the near-term, especially if the pair manages to close the week above 0.7697.

"Intra-week losses have now been fully erased, establishing the potential for a positive weekly reversal pattern upon a weekly close at/above 0.6797. ST momentum has shifted to a positive bias. MT momentum bias is negative, however failure to confirm the recent low in price presents positive risk.," NAB notes.
"Our multi-week outlook is highly dependent on the weekly close. Above 0.7697 we will look for a further short squeeze in the coming weeks," NAB adds.