AUD/USD

RBA is hawkish than the previous meeting, but ending QE was expected. No clues on the date of interest rate hikes either. They basically said core inflation is 2.6% and they should wait until it surpasses 3%.

So i think this statement was expected and already priced in.

AUD is fundamentally stronger than USD right now though. So an upwards move on AUDUSD shouldn't confuse you. I think it's better to look at GBPAUD to see the actual strength of the RBA Statement.

For those with a H4 time frame view AUD seems to have commenced its move north. .718 or .728 in the next few days

assets still reducing shorts over Jan by the looks so long bias still for me

by very rough guess they are averaged short from 7500 so i think that is where we are still headed, but are they going to reload there or are they swapping sides? no body knows!

When is the best time to trade AUDUSD???

It mostly just runs through the asian session as most Australian pairs do. but youcan still catch the reversals during the US session

US CPI this Thursday so possibly, if rumors are true, it will be high and maybe US rate hikes this year, would no doubt push aud/usd down, or maybe just a temp spike as they may have been pricing it in?

The price has been obeying an up trending trend line in the H4 chart. The pair closed its trading week right at the trendline's support. Traders are to be watchful with the price action around this trendline. A breakout below should drive the price downside. On the other hand, a bullish reversal pattern may make the pair remain bullish in the H4 chart.

AU in a down trend with a clear major resistance area.

I'd be looking to short off the daily resistance retest area above

I am long and see it going higher

Watching for apparent pa. In bear set up Play. Take care

assets still unwinding so long bias and now retail crowd is getting short so a spike higher is still on the cards, imo, maybe see 7450 soon

second down leg would be them reloading short on US rate hike news... I don't get the impression they are racing to raise rates in AU, claiming only a missallocation of gov spending as being a potential trigger for aud rates rises.. so far apparently they don't see one.

1-minute chart. Currently significant divergence between delta volume and price. Maybe working on some offers would be a good idea.


Closed half of the positions.

I did setup my grid and grid is active this time. Target is 10 pips profit. Grid values are 7215 and 7188

quick preview
Buying from S is good job...

My grid breakout strategy was busy this week. Last two days were crazy busy in getting profit .

AUDUSD & NZDUSD Sell from this top

Expecting AUD to go down to 71 cents

Looks like going to the next level before USD comes back again