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AUD/USD

  • #1,241
  • Apr 6, 2009 12:30pm Apr 6, 2009 12:30pm
Down we shall go????????????????? Shorting at .7100 SL at .7300
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD40609.jpg Size: 99 KB
"Don't work for your money, but let money work for you."
  • #1,242
  • Apr 6, 2009 5:28pm Apr 6, 2009 5:28pm
Quoting chady250
Down we shall go????????????????? Shorting at .7100 SL at .7300
I want to short at this level too but I can't seem to find the heart to short the AUD. I think it should be dipping well under 0.70 going by its Elliot Wave condition.

Are you watching the rate meeting tomorrow?
  • #1,243
  • Apr 6, 2009 7:05pm Apr 6, 2009 7:05pm
Quoting Seaward22
I want to short at this level too but I can't seem to find the heart to short the AUD. I think it should be dipping well under 0.70 going by its Elliot Wave condition.

Are you watching the rate meeting tomorrow?
Yup 4 and a half hours and counting
"Don't work for your money, but let money work for you."
  • #1,244
  • Apr 6, 2009 8:31pm Apr 6, 2009 8:31pm
Break of triangle on 1 hr charts. Currently playing with 100 Hour MA
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD40609A.jpg Size: 108 KB
"Don't work for your money, but let money work for you."
  • #1,245
  • Apr 6, 2009 8:34pm Apr 6, 2009 8:34pm
Quoting chady250
Break of triangle on 1 hr charts. Currently playing with 100 Hour MA
What if Central Bank keeps the rates steady, the pair turns to bullish again?
  • #1,246
  • Apr 6, 2009 8:41pm Apr 6, 2009 8:41pm
Quoting kropfx
What if Central Bank keeps the rates steady, the pair turns to bullish again?
True, if rates remain the same, it may play a bullish move, which would mean the next target for this pair is around .7280-.7300
"Don't work for your money, but let money work for you."
  • #1,247
  • Apr 6, 2009 8:44pm Apr 6, 2009 8:44pm
Quoting chady250
True, if rates remain the same, it may play a bullish move, which would mean the next target for this pair is around .7280-.7300
But looks unlikely considering the overall jittery sentiments on the markets, looks like we due for a pullback, the only question is, how big...
  • #1,248
  • Apr 6, 2009 8:48pm Apr 6, 2009 8:48pm
Quoting kropfx
But looks unlikely considering the overall jittery sentiments on the markets, looks like we due for a pullback, the only question is, how big...
I'm thinking the pull back may be bigger than the rates being unchanged.
  • #1,249
  • Apr 6, 2009 8:53pm Apr 6, 2009 8:53pm
Quoting Seaward22
I'm thinking the pull back may be bigger than the rates being unchanged.
Needs negative wall street to do some damage, stock are holding pretty good...I guess we need some results from the industrial and financial sectors to confirm the latest upswing.
  • #1,250
  • Apr 6, 2009 8:59pm Apr 6, 2009 8:59pm
I guess RBA is cutting 25bp and AUDUSD might go up again soon

I would avoid position before the news though

if you want to go long again the 0,7060 - 0,7080 area could make sense

below 0,7060 short term downside is possible

upside capped by 0,7210 - 30 and then the more important 0,726
  • #1,251
  • Apr 6, 2009 9:07pm Apr 6, 2009 9:07pm
Quoting fammira
I guess RBA is cutting 25bp and AUDUSD might go up again soon

I would avoid position before the news though

if you want to go long again the 0,7060 - 0,7080 area could make sense

below 0,7060 short term downside is possible

upside capped by 0,7210 - 30 and then the more important 0,726
agree with you fammira, here my trading plan for this aud...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: audmc2.gif Size: 29 KB
Click to Enlarge Name: audmc3.gif Size: 27 KB
  • #1,252
  • Apr 6, 2009 9:09pm Apr 6, 2009 9:09pm
Quoting fammira
I guess RBA is cutting 25bp and AUDUSD might go up again soon

I would avoid position before the news though

if you want to go long again the 0,7060 - 0,7080 area could make sense

below 0,7060 short term downside is possible

upside capped by 0,7210 - 30 and then the more important 0,726
you are right the fucker more bullish, probably will jump in any outcome...
  • #1,253
  • Apr 6, 2009 9:23pm Apr 6, 2009 9:23pm
Quoting my30marahaba
agree with you fammira, here my trading plan for this aud...
thanks My30marahaba!

keep posting your charts, they are very useful!
  • #1,254
  • Apr 6, 2009 11:31pm Apr 6, 2009 11:31pm
Rates cut by 25bps, this should result in a downward move
"Don't work for your money, but let money work for you."
  • #1,255
  • Apr 7, 2009 1:02am Apr 7, 2009 1:02am
It appears the markets are still very bullish on this fad that is the Aussie currency . I would wait until there's healthy a sense of desperation in the sentiment again before shorting.
  • #1,256
  • Apr 7, 2009 1:45am Apr 7, 2009 1:45am
Quoting Subdude
It appears the markets are still very bullish on this fad that is the Aussie currency . I would wait until there's healthy a sense of desperation in the sentiment again before shorting.
yes it's right decision subdude, but refer to daily tf we see clearly of the selling signal around that point here the chart.....
Attached Image (click to enlarge)
Click to Enlarge Name: audmc23.gif Size: 30 KB
  • #1,257
  • Apr 7, 2009 4:18am Apr 7, 2009 4:18am
I closed my shorts this morning just on the support at 0,706

looks like it will test those levels again, and I would try a long for the short term with target 0,723.

will reverse and go short under 0,7040
  • #1,258
  • Apr 7, 2009 5:02am Apr 7, 2009 5:02am
0,7128. AUD USD is in a consolidation after the last bullish movement. AUD USD is in a range between 0,7065 and 0,7230. The volatility is low. Oscillators are neutral. The price should continue to move in Bollinger bands.
We won't take a position. There is no trade configuration.

Resistances
0,7145 - 0,7130

Supports
0,7065 - 0,6975
  • #1,259
  • Apr 7, 2009 9:52pm Apr 7, 2009 9:52pm
Anyone playing a long near the support at .7070 ish???
Attached Image (click to enlarge)
Click to Enlarge Name: AU479a.jpg Size: 116 KB
"Don't work for your money, but let money work for you."
  • #1,260
  • Apr 7, 2009 9:56pm Apr 7, 2009 9:56pm
I am, with a stop and reverse under 0,7040

AUD is holding really well, I think RBA might be on the market supporting it

anyway I'll watch 1,316 on EURUSD as reference as well
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