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Australian Dollar May 'Free Fall'

  • #41
  • Aug 2, 2008 12:22am Aug 2, 2008 12:22am
  •  TrevA
  • | Joined Oct 2007 | Status: my brain has a mind of its own | 166 Posts
Hi All,

Thanks everybody for your posts and analysis on the Aussie. Druss, love your technical analysis.

Question... could the market be 'pricing in' a rate cut on Tuesday? The RBA is due to announce the aussie interest rate so perhaps this is why the currency is falling....

I could be wrong about this but i'm getting the sense that Aussie traders have stopped buying and are just waiting for the RBA announcement on Tuesday.

TrevA
  • #42
  • Aug 2, 2008 1:07am Aug 2, 2008 1:07am
Quoting TrevA
Hi All,

Thanks everybody for your posts and analysis on the Aussie. Druss, love your technical analysis.

Question... could the market be 'pricing in' a rate cut on Tuesday? The RBA is due to announce the aussie interest rate so perhaps this is why the currency is falling....

I could be wrong about this but i'm getting the sense that Aussie traders have stopped buying and are just waiting for the RBA announcement on Tuesday.

TrevA
That's likely following the surprise RBNZ cut. If RBA comes out hawkish we will probably see the market caught short and a violent move back up to the highs could ensue.
  • #43
  • Aug 2, 2008 1:21am Aug 2, 2008 1:21am
Power of the 50% Fib Retrace

http://img134.imageshack.us/img134/7...etrace1bg4.jpg
There is only one Certainty in Trading --- There is no Certainty
  • #44
  • Aug 2, 2008 1:23am Aug 2, 2008 1:23am
Where we are now. Not that far off a 50% fib level.

http://img253.imageshack.us/img253/6...etrace2ab0.jpg
There is only one Certainty in Trading --- There is no Certainty
  • #45
  • Aug 2, 2008 2:32am Aug 2, 2008 2:32am
Thought i would show what i see, i agree that this pair might just turn?
Attached Image
  • #46
  • Aug 2, 2008 2:46am Aug 2, 2008 2:46am
Quoting NoBread
Thought i would show what i see, i agree that this pair might just turn?
What is it Gann said about avoiding a third candle of the same colour?
TRADE FOR SWAP
  • #47
  • Aug 2, 2008 2:57pm Aug 2, 2008 2:57pm
Has been a pretty big fall. I have a long in serious trouble. Due for a retracement from a fall like this. Gold should rebound this week. Held steady after its fall from the high 980's. Looks like oil may find a short term bottom at 120. Bottom, bottom, bottom
  • #48
  • Last Post: Aug 3, 2008 10:59am Aug 3, 2008 10:59am
time nice for long EURAUD
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