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AUD/USD

  • #61
  • Jul 27, 2008 9:52pm Jul 27, 2008 9:52pm
Quoting Seaward22
What price are you looking to get it in? I was going to short 0.9538 with TP at 0.9485. I'll suspend my short for now.
I got in at .9530, and 0.9527 is 61.8% fib of 0.9326-0.9849.
  • #62
  • Jul 27, 2008 9:59pm Jul 27, 2008 9:59pm
Quoting Seaward22
I was looking to get into a short position. Sentiment seems negative for the AUD. I guess I'll look again. I see more upside then down but my fundies brain won't shut up.
are you saying the fundies show the aussie dollar should be weaker than the usd?
anyway i think it is bad idea to go short at the moment...
  • #63
  • Jul 27, 2008 10:04pm Jul 27, 2008 10:04pm
Quoting Clouds
I got in at .9530, and 0.9527 is 61.8% fib of 0.9326-0.9849.
that's what I am seeing too, also the last 2 times it retraced back it bounce of the fibbo lines almost perfectly. I am long
  • #64
  • Jul 27, 2008 10:19pm Jul 27, 2008 10:19pm
Quoting pip me
are you saying the fundies show the aussie dollar should be weaker than the usd?
anyway i think it is bad idea to go short at the moment...
I'm right in the middle. AUD is a mid cap major in my opinion. When commodiites fall the AUD should fall. Is the AUD interest rate 7.25%?
  • #65
  • Jul 27, 2008 10:35pm Jul 27, 2008 10:35pm
Quoting Clouds
I got in at .9530, and 0.9527 is 61.8% fib of 0.9326-0.9849.
Looking good.
  • #66
  • Jul 27, 2008 10:40pm Jul 27, 2008 10:40pm
Quoting Seaward22
I'm right in the middle. AUD is a mid cap major in my opinion. When commodiites fall the AUD should fall. Is the AUD interest rate 7.25%?
yep 7.25%
  • #67
  • Jul 27, 2008 11:20pm Jul 27, 2008 11:20pm
Aussie is so weak that i cant even get 96c for now....hopefully she rallies to 97c. First target TP 92c. Until then im building my positions.
  • #68
  • Jul 27, 2008 11:25pm Jul 27, 2008 11:25pm
Quoting jest1081
Aussie is so weak that i cant even get 96c for now....hopefully she rallies to 97c. First target TP 92c. Until then im building my positions.
hitting strong resistance at 9549 which is a yearly pivot. audusd seems to be trapped between a monthly and yearly pivot right now. May take a few more tries before it breaks and runs.
  • #69
  • Jul 27, 2008 11:29pm Jul 27, 2008 11:29pm
Quoting jest1081
Aussie is so weak that i cant even get 96c for now....hopefully she rallies to 97c. First target TP 92c. Until then im building my positions.

what frame?
{Promotion removed}
  • #70
  • Jul 27, 2008 11:31pm Jul 27, 2008 11:31pm
I agree if price breach 95c then euraud just fly away very quickly.
I am counting on it
  • #71
  • Jul 27, 2008 11:32pm Jul 27, 2008 11:32pm
Quoting carpediem
what frame?
very long frame, you willing to pay the interests with me?
i have been scaling in and out of Aussie on the short side since 98c but im constant short.
  • #72
  • Jul 27, 2008 11:49pm Jul 27, 2008 11:49pm
Quoting pip me
yep 7.25%
With the rates so high its hard to short this thing. Soon as this bullish trend in U.S. is over, Oil and commodities stabilize, AUD should get back going up.
  • #73
  • Jul 28, 2008 12:05am Jul 28, 2008 12:05am
Quoting Seaward22
With the rates so high its hard to short this thing. Soon as this bullish trend in U.S. is over, Oil and commodities stabilize, AUD should get back going up.
its not hard...all you have to do is click the sell button.
anyway, to each his own...im aiming 92c.
  • #74
  • Jul 28, 2008 12:08am Jul 28, 2008 12:08am
I'm looking for above previous high, around .995
  • #75
  • Jul 28, 2008 12:36am Jul 28, 2008 12:36am
Quoting Seaward22
With the rates so high its hard to short this thing. Soon as this bullish trend in U.S. is over, Oil and commodities stabilize, AUD should get back going up.
More bancrupted banks will point her where the floor is but she bounced nicely for now.
If we climb above 0.956-0.958 then im aiming 0.965-0.956 as my target.
Still i see H&S pattern.
Attached Image (click to enlarge)
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  • #76
  • Jul 28, 2008 1:04am Jul 28, 2008 1:04am
Quoting 5ysfx
More bancrupted banks will point her where the floor is but she bounced nicely for now.
If we climb above 0.956-0.958 then im aiming 0.965-0.956 as my target.
Still i see H&S pattern.
Doesn't the H&S have to happen first before you can see it? Unless I am missing something.
  • #77
  • Jul 28, 2008 1:17am Jul 28, 2008 1:17am
This is only probability of future price movement according to EW projection.
check this thread EW

If .965 holds then i will be sure thats HS.
This is most probably scenario IMHO.
  • #78
  • Jul 28, 2008 2:25am Jul 28, 2008 2:25am
Good call guys. Glad I didn't go short. You techs may know something yet.
  • #79
  • Jul 28, 2008 2:31am Jul 28, 2008 2:31am
Oil looks like it may go up. You guys think this is a multi year bottom?
  • #80
  • Jul 28, 2008 2:33am Jul 28, 2008 2:33am
You fundies know overall direction but we know timing better.
So we must cooperate each other.
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