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Aussie Pairs

  • #2,321
  • May 20, 2008 12:39am May 20, 2008 12:39am
will 9584 hold ?

rsi is wayyyy overbought.

i'm short at 9570

wil this pair typically pull 61.8 retraces?

first time lookin at and trading the aud/usd

kj
  • #2,322
  • May 20, 2008 1:39am May 20, 2008 1:39am
Whoa, 9600 broken... this is all because of the slightly more hawkish than expected meeting minutes???
  • #2,323
  • May 20, 2008 1:42am May 20, 2008 1:42am
Quoting Subdude
Whoa, 9600 broken... this is all because of the slightly more hawkish than expected meeting minutes???
9600 is the high.
Broken is when a bar closes at 9601 or higher.

Was 9600 a psycological Resistance area ?
new to this pair.....
  • #2,324
  • May 20, 2008 1:45am May 20, 2008 1:45am
Quoting kujo17
9600 is the high.
Broken is when a bar closes at 9601 or higher.

Was 9600 a psycological Resistance area ?
new to this pair.....
I definitely saw 9602 on the ticker. This was a multi-year high - as in 20+ year high (see earlier posts).
  • #2,325
  • May 20, 2008 1:47am May 20, 2008 1:47am
Quoting Subdude
I definitely saw 9602 on the ticker. This was a multi-year high - as in 20+ year high (see earlier posts).
Yes it's 24-year high according to bloomberg. Where do you see the pair going now that it has touched .96?
Expected the unexpected
  • #2,326
  • May 20, 2008 1:48am May 20, 2008 1:48am
Quoting kujo17
9600 is the high.
Broken is when a bar closes at 9601 or higher.

Was 9600 a psycological Resistance area ?
new to this pair.....
Not fimilure enough with this pair Kujo, but are you still short GJ man?
Que
  • #2,327
  • May 20, 2008 1:52am May 20, 2008 1:52am
Quoting Subdude
I definitely saw 9602 on the ticker. This was a multi-year high - as in 20+ year high (see earlier posts).
9600 to the pip on my broker, ODL
  • #2,328
  • May 20, 2008 1:55am May 20, 2008 1:55am
Quoting scyang
Yes it's 24-year high according to bloomberg. Where do you see the pair going now that it has touched .96?
It looks like there's still some tailwind here, but resistance is strong, too... 9600 was the R2 pivot, I believe. The dollar looks weak across the board again. My hunch is Wall Street is going to slide in the morning, so that should take some steam out of the aussie.
  • #2,329
  • May 20, 2008 1:55am May 20, 2008 1:55am
Have a Sell Limit at .9648

This is the monthly high of March 1984.
Que
  • #2,330
  • May 20, 2008 1:59am May 20, 2008 1:59am
9611.....damn.......
  • #2,331
  • May 20, 2008 2:04am May 20, 2008 2:04am
Why are so many fighting the trend here? 20-year breakout + hawkish RBA + USD selling off everywhere else = BUY not short!
  • #2,332
  • May 20, 2008 2:06am May 20, 2008 2:06am
Quoting Trader KGB
Why are so many fighting the trend here? 20-year breakout + hawkish RBA + USD selling off everywhere else = BUY not short!
9800 anyone??
Patience + Humility + Study = Success
  • #2,333
  • May 20, 2008 2:07am May 20, 2008 2:07am
Quoting DutchTrader
9800 anyone??
Im for it
  • #2,334
  • May 20, 2008 2:08am May 20, 2008 2:08am
Quoting Trader KGB
Why are so many fighting the trend here? 20-year breakout + hawkish RBA + USD selling off everywhere else = BUY not short!
Hmm, in theory - yes. A month ago I could say the same exact things about the euro, and yet buying @ 1.6000 somehow would not have been a good idea.
  • #2,335
  • May 20, 2008 2:23am May 20, 2008 2:23am
Quoting Subdude
Hmm, in theory - yes. A month ago I could say the same exact things about the euro, and yet buying @ 1.6000 somehow would not have been a good idea.
You tell me! LOL!
  • #2,336
  • May 20, 2008 2:25am May 20, 2008 2:25am
So Australia said they were considering raising interest rates.
  • #2,337
  • May 20, 2008 2:29am May 20, 2008 2:29am
Quoting Clouds
So Australia said they were considering raising interest rates.
I think that in reality their hands are tied. Guess what happens to the housing market (and the rest of the economy) if the rates stay high for a long time?

I read the RBA minutes and my understanding is they won't be raising or lowering the rates for the foreseeable future. If anything, they seem to be easing their hawkish stance.
  • #2,338
  • May 20, 2008 2:36am May 20, 2008 2:36am
Quoting Subdude
Hmm, in theory - yes. A month ago I could say the same exact things about the euro, and yet buying @ 1.6000 somehow would not have been a good idea.
It was good for 18 pips!

In all fairness, 1.5 was the more significant breakout (as it had been building from 11/23 - 2/27). 1.6 didn't hold nearly as much technical significance, hence the lack of follow through/exhaustion top.
  • #2,339
  • May 20, 2008 2:39am May 20, 2008 2:39am
Quoting Subdude
I think that in reality their hands are tied. Guess what happens to the housing market (and the rest of the economy) if the rates stay high for a long time?

I read the RBA minutes and my understanding is they won't be raising or lowering the rates for the foreseeable future. If anything, they seem to be easing their hawkish stance.
The news says a further interest rate hike was discussed at length at its May 6 board meeting, but I also sort of doubt it will happen, considering they already have such high rates. However, the market may see it as a possibility.
  • #2,340
  • May 20, 2008 3:05am May 20, 2008 3:05am
remember this pair is tricky! it won't handle the pressure and will go down
... /$ -> LONG
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