AUDUSD Pattern

Would anybody like to post their interpretation of the current AUDUSD patterns forming?

TrevA

P.S. Anybody know how to move this post to Aussie Pairs thread? Thanks MPP.

not good on patterns, but try posting to the Aussie pairs thread.

Looks like a retract back to 8820,,, before resuming a heady climb to 99

I have read your posts with interest, some exc thoughts , thanks

Cheers
Andrew

If it goes below 8750 the bottom might fall out (temporarily).

I have no idea, I would stay out of that!

seems like a HnS on day chart

http://bp2.blogger.com/_soa35Q8-2NA/...-h/1.88auz.gif

I call that a wedge formation, some people look at it maybe as a triangle... I usually look for it to break loose below the support in patterns like that once the descending line meets support, usually all heck breaks loose.... which it did today... good luck!

GirlFlyer

sucked big time for me !!!

Did the business. Oh well folks, luck is a big part of this game, whether we like it or not.

[quote=AndrewM;1723584]Looks like a retract back to 8820,,, before resuming a heady climb to 99




or maybe 8660 !!!!!!,

if the stock markets are set to plunge, aussie is gonna suffer badly and other carry trades.

remember aussie extremely high value now is not for fundamentals on the australian economy which in fact is doing pretty bad,
current aussie value its being fueled by speculators.
if stocks plunge, be sure speculators wont care a dime about an aussie selloff.

{Marker, Links Removed }

Hi All

Here's the latest chart.

How does your analysis compare to what has eventuated? What do you see now?

On the fundamentals side: Does a potential rise in Aussie interest rates make the Aussie cheap, expensive or on the money?

TrevA