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AUD/USD

  • #1
  • First Post: Feb 7, 2008 5:43pm Feb 7, 2008 5:43pm
Who is trading this pair..
I am bearish in this pair.. it will fall to around 0.8740 levels.
please pass your comments. thank you
  • #2
  • Feb 7, 2008 5:48pm Feb 7, 2008 5:48pm
I believe it will fall below 0.85 before ever breaching 0.91. A trendline is developing on the daily. I'm short from .8985.
  • #3
  • Feb 7, 2008 5:50pm Feb 7, 2008 5:50pm
Quoting falcon232
I believe it will fall below 0.85 before ever breaching 0.91. A trendline is developing on the daily. I'm short from .8985.
I agree with you there..
I am as well short in this pair..
I aint looking for 0.85.
cause if it does goes there.. we will see it to push down further.
I am looking around 0.8750 levels.. and mantain its base there.. and then go upwards for a bullish momentum
  • #4
  • Feb 7, 2008 5:58pm Feb 7, 2008 5:58pm
I am long, target is .9088
  • #5
  • Feb 7, 2008 6:18pm Feb 7, 2008 6:18pm
Quoting ice
I am long, target is .9088
All i can say best of luck
  • #6
  • Feb 7, 2008 6:28pm Feb 7, 2008 6:28pm
Short to 0.8400
  • #7
  • Feb 7, 2008 7:08pm Feb 7, 2008 7:08pm
Quoting MackS10
Short to 0.8400
Good so just be patient...
It will come to our direction..

What level did you short at ?
  • #8
  • Feb 7, 2008 7:14pm Feb 7, 2008 7:14pm
Eur/Aud should be watched as well
Patience + Humility + Study = Success
  • #9
  • Feb 7, 2008 7:18pm Feb 7, 2008 7:18pm
Dont worry.. just give it few more hours.. its correcting.. we will see a fall.. very soon..
EUR/AUD will fall, EUR/USD, everything..just
after a major dip yesterday.. lil correction is required and then we go back again down..
  • #10
  • Feb 7, 2008 7:18pm Feb 7, 2008 7:18pm
I went short at 0.8950 with tigth s/l above yesterdays highs..61fib comes in at 0.8400 on the daily which is my target for the next few days.
Cheers.
  • #11
  • Feb 7, 2008 7:35pm Feb 7, 2008 7:35pm
I am short aud/usd too. I was starting to feel a little weary about it. Thanks for all the great info here.
  • #12
  • Feb 7, 2008 7:40pm Feb 7, 2008 7:40pm
Good.. just be patient..
I am looking at some other others.. and after a nice GU downslide i mentioned.. i am expecting everything to fall....Will come to know in coming hours..
Though AUD/USD shall go down.. needs some time
  • #13
  • Edited 8:03pm Feb 7, 2008 7:51pm | Edited 8:03pm
Don't you think because both Euro and Pound is falling, with more interest rate cut in the future, investors would want to park their money in a high yielding currency like AUD or NZD? I think 8880 can be a good support for another rally up. Confirmation will come when there is a break above 8975 today.
  • #14
  • Feb 7, 2008 7:54pm Feb 7, 2008 7:54pm
Quoting shajib
Don't you think because both Euro and Pound is falling, with more interest rate cut in the future, investors would want to park their money in a high yielding currency like AUD or NZD? I think 8880 can be a good resistance for another rally up. Confirmation will come when there is a break above 8975 today.
if you think about future in forex market.. I would say dont trade.. a Simple answer.. wouldnt comment much here.
  • #15
  • Feb 7, 2008 8:00pm Feb 7, 2008 8:00pm
Quoting jacobtrader
if you think about future in forex market.. I would say dont trade.. a Simple answer.. wouldnt comment much here.

What do you think is the long term trend in AUD/USD? I am talking about weeks not mere hours. It is stilll very much bullish although there is a chance it might test 8850 before continuing the long term trend.
  • #16
  • Feb 7, 2008 8:06pm Feb 7, 2008 8:06pm
Quoting shajib
What do you think is the long term trend in AUD/USD? I am talking about weeks not mere hours. It is stilll very much bullish although there is a chance it might test 8850 before continuing the long term trend.
My friend.. AUD/USD will fall way sharply.. long term atleast 0.8350 levels..
There is a good technical prespective for it to fall also..
  • #17
  • Feb 7, 2008 8:13pm Feb 7, 2008 8:13pm
Quoting jacobtrader
My friend.. AUD/USD will fall way sharply.. long term atleast 0.8350 levels..
There is a good technical prespective for it to fall also..
Technical prespective...care to go into details? If you are talking about candlestick patterns then this should confirm that the past two daily candles are not very reliable. http://www.chartfilter.com/candlesti...ndlesticks.htm
  • #18
  • Feb 7, 2008 8:20pm Feb 7, 2008 8:20pm
By the way an hour ago BBC reported that Congress has passed the 167bn economic stimulus package. Confidence should return to markets on friday resulting in AUD rally...
  • #19
  • Feb 7, 2008 8:24pm Feb 7, 2008 8:24pm
Quoting shajib
By the way an hour ago BBC reported that Congress has passed the 167bn economic stimulus package. Confidence should return to markets on friday resulting in AUD rally...


Confidence will return in US$ not in AUD.. it has nothing to do with AUD..
Technically AUD/USD is bearish as well

I am reading the full report as i type..
  • #20
  • Feb 7, 2008 8:28pm Feb 7, 2008 8:28pm
The stimulus package was basically initiated for the people to inject money in to the economy.. They have provided various rebates for different people.. Who will inject that money in different places immidiately

1st this will create Jobs in US.
It will boost the Housing Market

Which will appreciate the Dollar.. And just a note to you Dollar index is in process to break the main resistance..
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