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AUD/USD

  • #105,901
  • Edited 8:12am Apr 28, 2020 7:56am | Edited 8:12am
AUD busting some balls tonight!

I suspected it might bounce off the lows strong and no wonder it was so hard to sell physical USD at 57ish to retailers after seeing it climb like that i wonder if they all knew!! Oh well glad a bank brought the wrong side of that deal even if they did have rip me off 2 cents..

i see 68200 as the mid point to see some real blood letting so we will see, good luck..
grist for the mill
  • #105,902
  • Edited 8:13pm Apr 28, 2020 7:56pm | Edited 8:13pm
Quoting JackJones
AUD busting some balls tonight! I suspected it might bounce off the lows strong and no wonder it was so hard to sell physical USD at 57ish to retailers after seeing it climb like that i wonder if they all knew!! Oh well glad a bank brought the wrong side of that deal even if they did have rip me off 2 cents.. i see 68200 as the mid point to see some real blood letting so we will see, good luck..
put away your magic lines people you are deluding yourselves, you need to BE the market, AUD is too strong!

haha 6820 lol i mean 6520.. oh, and there we have it folks, AUD, bravo!!

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might short scalp at 6580ish but things to do and what-not, may your bets be good/better ones.
grist for the mill
  • #105,903
  • Apr 28, 2020 11:57pm Apr 28, 2020 11:57pm
Layering sells now
Master your mind. Master Trading.
  • #105,904
  • Apr 29, 2020 12:19am Apr 29, 2020 12:19am
I'm accumulating some shorts as well. It's a bit risky since Aud is pretty strong right now. However, I'd be remiss to point out that there is some divergence forming on the 30 min chart right now..
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  • #105,905
  • Apr 29, 2020 6:59am Apr 29, 2020 6:59am
Quoting princeali115
Layering sells now
layering? is this some kind of new lingo? the more sell lines the more confident and surely it will go down!!

trying to take a position after that run is like standing in front of a train but hey we will see I guess. two massive weeks a sell off and it busts higher? Aud is moving to get a new range.
grist for the mill
  • #105,906
  • Apr 29, 2020 7:29am Apr 29, 2020 7:29am
Basically no Australian economic news has been released for the periods since covid restrictions. Unemployment will show exactly how unhealthy the economy is. It will stay robust because of commodities.
  • #105,907
  • Apr 29, 2020 5:04pm Apr 29, 2020 5:04pm
selling at this level. IF we break with fundamentals supporting the break it is safe to buy this means your trading with the trend!
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Master your mind. Master Trading.
  • #105,908
  • Edited 6:36pm Apr 29, 2020 6:14pm | Edited 6:36pm
up shes goes.. we can posit reasons all day but no one really knows.. to trade fx you need to be secure in the unknown when most cling to knowns..

hell ill give it a shot.. USD potential 30% drop in gdp looking forward and 25 mil unemployed @@. might see US interest negative soon. wonder when the petRo dollar will start to smell if not already

people say its due to this or that but where were they and what did they say when aussie was at 57 cents? *crickets*
grist for the mill
  • #105,909
  • Edited 8:25am Apr 30, 2020 7:49am | Edited 8:25am
8 hour bar about to close. If this bar finishes red and then starts going lower, I feel like we might see some more downside. Other option, trap for the bears..
  • #105,910
  • Apr 30, 2020 7:53am Apr 30, 2020 7:53am
Quoting ICouldBWrong
8 hour bar about to close. If this bar finishes red and then starts going lower, I feel like we might see some more downside. Other option, nice little bear trap..
Quick bounce of the inside trendline. Closed a few orders for a quick scalp. We'll see where it goes from here..
  • #105,911
  • Edited 8:54am Apr 30, 2020 8:18am | Edited 8:54am
Nice little move right down to just above yesterday's low. Let's see if that holds..
  • #105,912
  • Apr 30, 2020 2:03pm Apr 30, 2020 2:03pm
What the AUD is doing it's against the law how can it fall with the dollar
BARAK
  • #105,913
  • Apr 30, 2020 2:08pm Apr 30, 2020 2:08pm
Quoting MarketPatrol
What the AUD is doing it's against the law how can it fall with the dollar
Check correlation of aud and dow and you will see a clear pattern of last weeks trade direction. Aud is bot fully correlated to dxy...
  • #105,914
  • Apr 30, 2020 2:16pm Apr 30, 2020 2:16pm
Quoting krst8
{quote} Check correlation of aud and dow and you will see a clear pattern of last weeks trade direction. Aud is bot fully correlated to dxy...
Men I really like this currency pair but it seems like it's moving a little bit different than the others i think I still have a lot to learn from this commodity pair.
BARAK
  • #105,915
  • Apr 30, 2020 9:38pm Apr 30, 2020 9:38pm
Aud top 3 trading partners are China, Japan and South Korea.

Commodities were falling back in Feb and "general merchandise" is at the top so it will be interesting to see the next numbers with "exports" down 5% in April.

A lot of exporters were riding the China boom by selling overpriced Western goods, with some reports last month saying a lot of it (raw consumables) was sitting in Chinese docks locked up and unable to be moved, so there will be big losses for some companies for sure. Hopefully China doesn't lose its appetite. Aud getting its breath back,, I will watch 6200, still selling pull backs

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grist for the mill
  • #105,916
  • Apr 30, 2020 11:07pm Apr 30, 2020 11:07pm
Time to start loading sells
Master your mind. Master Trading.
  • #105,917
  • May 1, 2020 2:19am May 1, 2020 2:19am
Quoting MarketPatrol
What the AUD is doing it's against the law how can it fall with the dollar
with out any compatible fundamental reason, yeah it is moving against all the analyses!! also is is thoroughly against the CFTC statistics!!
if any one really knows what a hell is accruing with AUD tell me plz
  • #105,918
  • May 1, 2020 4:00am May 1, 2020 4:00am
Looking for a bounce off support

1 Hr Chart:
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  • #105,919
  • Edited 7:47am May 1, 2020 7:32am | Edited 7:47am
Quoting Arash.777
{quote} with out any compatible fundamental reason, yeah it is moving against all the analyses!! also is is thoroughly against the CFTC statistics!! if any one really knows what a hell is accruing with AUD tell me plz
it was 3 magic lines deep and now 2 high so it must go down. plus the US is planning to sue China or something and they probably sent Aus in to make a fuss, alas China didn't take it too well . how to help exports: annoy your biggest buyer. #auspolitics
grist for the mill
  • #105,920
  • May 1, 2020 9:32am May 1, 2020 9:32am
Something very shady is going on with this pair! I don't see how both USD and AUD can be going down together.
Learn from your mistakes and march on.
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