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Trading correlation pairs by using the other pairs 793 replies

Export All pairs or selected pairs to .csv with script 3 replies

Pairs of Currency Pairs 4 replies

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Aussie pairs 9 replies

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Aussie Pairs

i think 8270 shd be it for these bullish bulls
come on folks lets go short 'em..
If they raise rates, I agree that it has a very good chance of making an all time high, however that is not for about 3 weeks, so I think it has to come down a bit before it slingshots up.
But there is carry trade. There is fear big move down, after fast jump up.
the market itself is baffled as well. so we are not the only ones.
BAM BAM BOOM! -bravado
Where is bear foots :? its long bulish dominate...
The pair is expected to continue further upside momentum following it current upmove aiming at 0.8381,its Oct'1990 high initially with a break of there clearing the way for gains towards its Aug'1990 at 0.8494.A distant resistance is seen at 0.8922,its 1989 high. On the other hand, if the overbought scenario above plays out, it should bring corrections/pullbacks towards its April high at 0.8210 followed by its April 09'07 low at 0.8151.A violation of here shifts focus to its April 04'07/.382 Ret( 0.7680-0.8266 rally) at 0.8063/43 and then its 2005/2004 highs/horizontal resistance line at 0.7992/0.8008.This is a significant zone which is expected to reverse roles and provide support having served in similar capacity in the past as resistance.


On the whole, having broken through important resistance levels in the past weeks, AUDUSD is likely to shoot for more upside gains in the days and weeks ahead.
BAM BAM BOOM! -bravado
I agree this pair is bullish long term, but I think we will see a little pullback here. Not being able to close above 0.8260 was a sign for me to short.
Quoting bodge
I agree this pair is bullish long term, but I think we will see a little pullback here. Not being able to close above 0.8260 was a sign for me to short.
Next week will show us the way. My system shows that if the Daily's roll over in the next 3-5 days it could take the Weekly with it. This 2 Month bull run may be over.

Just 2 cents

Roy
Polishing my crystal ball
au looks like it's suckering in more sellers. went from 8265->8245 quickly.

as if.
BAM BAM BOOM! -bravado
Whats going with Aus/USD trend? interesting. Its look on very short time fast go down.
Need to reload positions
What is Ur opinion on this pair? Per 1 month 550 pips :O
wats this pair doinggggggggg
Haha wow aussie is more bullish than I thought. goodness it could be chasing a 1990 high at around 0.8500. Who knows how far it will go, with such a sharp uptrend I wouldn't be shorting anytime soon.
Buy on dips might be the the ideal way to go for now...
  • Post #256
  • Quote
  • Edited 12:45am Apr 13, 2007 12:18am | Edited 12:45am
Stopped on my short at 8315 for a loss 37 pips on the whole position. Still not convinced it would continue going up but if it did I'd be watching for 8390/00 level and then 8500/20 for potential top. AUD/JPY made it to 99, so let see how it would react to those offers ahead off 100 handle. Any sell of in AUD/JPY most likely will bring AUD/USD with it.
With some speculation the bank of Japan may raise interest rates have we seen some unwinding of the carry trades? given the rapid appreciation of the AUS recently a day or two of consolidation would have to be expected.

I'm interested in who has been using the last two days as buying opportunities for the AUS?

I am in long positions that I have definetly added too over the last two days.
This is posted for those trading the AUS dollar but unfamiliar with the possibilities of limited rainfall may play on inflation and possible interest rate increases in late 2007 and 2008.

Food costs likely to rise due to drought Friday Apr 20 02:31 AEST
Australians are waking up to the prospect of significantly higher food prices because water for irrigation in the nation's food bowl has run out.

Prime Minister John Howard confirmed the worst, warning unless there was significant rainfall within weeks irrigators in the Murray-Darling Basin would be allocated no water for their crops.

Rice, canola, lucerne, wheat, barley, cotton, stone fruits, apples and grapes are all grown in the basin which accounts for 41 per cent of Australia's food production.

But years of harsh drought have caused irrigation ditches across the basin to dry up and not enough rain has fallen in the northern channel country to see any flow south.
  • Post #259
  • Quote
  • Edited 11:37pm Apr 22, 2007 11:07pm | Edited 11:37pm
Mother Nature Weather and Yen is suggesting a higher AUD.

Currently, AUDUSD is trading 0.8340s after a lower PPI Data. With 0.8345 as a support being tested 3 times in the hourly charts. if this holds, Buy AUDUSD for a 0.8370s.
Quote
TTN ANALYSIS: LOW AUSSIE PPI DATA DOES NOT NECESSARILY MEAN LOWER CPI
- Historically there is a low correlation between Aussie PPI and Aussie CPI
- Aussie firms are likely to remain confident that they can keep prices at current elevated levels given the strong labor market and strong housing market: (Repeat) 04/16 (AU) Q1 NAB Business Conditions: unchanged from Q4 at 17. A rise in the employment component of the index offset declines in the sales and profitability components. Expectations for the current quarter rose by a point to 20, while the outlook for the yr was up 2 points to 34. (The improvement in the outlook component seems to confirm that Aussie firms remain confident that they can sustain or possibly improve margins)
- Analyst commentary: "I guess the critical question is how much of the low PPI would feed through to consumers and our view is probably not much given how strong the labor market is and strength in the housing market." (Stephen Halmarick at Citi)<AUD/USD AUD/JPY>


Quote
[IFR Forex Watch]
[AUD/USD OUTLOOK]
[04:35 GMT April 20th]
The AUD/USD opened at 0.8347 in NY having been caught in a range around 0.8340-60 in overnight trading. AUD/USD ground higher through the afternoon session, with carry trade demand helping to lift AUD after a sharp rise in US stocks this morning fueled risk appetite. AUD/USD triggered stops above 0.8360, rising to 0.8370/75 before being capped by offers with option defense of 0.8400 still eyed. AUD/JPY broke above the 98.80-99.20 range that contained overnight dealings, also fuelling stops but stalling just ahead of 99.50, with more stops eyed above 99.50. Concerns by Fed"s Mishkin on U.S. business investment, which mirrored recent comments by Plosser and in the FOMC minutes took US bond yields off session highs, also lifting the AUD.

However, a combination of factors is underpinning the AUD with fresh issuance totaling $A1.350 bln in four tranches from Swiss Re and HBOS was seen AUD support. Gold and copper prices climbed and the Baltic Dry Index is at fresh highs, and highest since December, also offering support. Finally, anticipated M&A flows for Australia are seen over $50 mln now, also AUD supportive. (rs)/rd
I see 8300 - 8320 the strongest support area. 8320 seems to be holding well I have already bought long at 8325 to get some space prior to the CPI data. I can see it ranging back up to near the open prior to the release.
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