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AUD/USD

  • #1,661
  • Jul 10, 2009 8:52am Jul 10, 2009 8:52am
im out 2 pip
  • #1,662
  • Jul 10, 2009 8:53am Jul 10, 2009 8:53am
now start from 1 lot looking to buy
  • #1,663
  • Jul 10, 2009 8:55am Jul 10, 2009 8:55am
in 0.7756 long
  • #1,664
  • Jul 10, 2009 8:56am Jul 10, 2009 8:56am
Quoting ben10
in 0.7756 long
set limit long @0.7740 x 5 lot
  • #1,665
  • Jul 10, 2009 9:04am Jul 10, 2009 9:04am
0.7748 support break blow it price heading my limit at 0.7740
  • #1,666
  • Jul 10, 2009 9:07am Jul 10, 2009 9:07am
hi ben, faster than ever today


I opened a consistant long position today
0.7770

patience will be rewarded next week
  • #1,667
  • Jul 10, 2009 9:08am Jul 10, 2009 9:08am
0k im in the money hopefully support held
  • #1,668
  • Jul 10, 2009 9:08am Jul 10, 2009 9:08am
oops sorry im out 5 pips
  • #1,669
  • Jul 10, 2009 9:10am Jul 10, 2009 9:10am
Quoting fammira
hi ben, faster than ever today


I opened a consistant long position today
0.7770

patience will be rewarded next week
hi mate, yes weekend on the corner
  • #1,670
  • Jul 10, 2009 9:13am Jul 10, 2009 9:13am
ok time to bed 2am here in sydney

have a good weekend Fammira
  • #1,671
  • Jul 11, 2009 1:10am Jul 11, 2009 1:10am
same nice weekend to you and to all the thread

next week will be interesting to watch if AUD will recover or will fall more
on the agenda we have no events from Australia, but I am sure we'll see more moves


Though australian dollar felt quite hard last week, the important support area at 0,7710 - 30 held, and AUD looks poised to regain back area 0,78 - 0,79, where 0,7861 is the main resistance to follow.
In case of upbreak, I would wait for a short on the test of 0,8035

On the dowside, the break of 0,7710 would allow us to open shorts targeting 0,7270

So it would make sense to be long here with a tp 0,786 and 0,8035 in case of further strenght.
If like me you are long from 0,7750 - 0,7770 or even lower, it's suggestable to hedge your position on the break of weekly low at 0,7723, or below Friday low at 0,7737.
  • #1,672
  • Jul 12, 2009 8:19am Jul 12, 2009 8:19am
Quoting fammira
same nice weekend to you and to all the thread

next week will be interesting to watch if AUD will recover or will fall more
on the agenda we have no events from Australia, but I am sure we'll see more moves


Though australian dollar felt quite hard last week, the important support area at 0,7710 - 30 held, and AUD looks poised to regain back area 0,78 - 0,79, where 0,7861 is the main resistance to follow.
In case of upbreak, I would wait for a short on the test of 0,8035

On the dowside, the break of 0,7710 would allow us to open shorts...
nevertheless I would wait for another test of 0,7710 - 0,7730 before setting up the hedging orders...
  • #1,673
  • Edited 9:18pm Jul 12, 2009 7:25pm | Edited 9:18pm
Quoting fammira
nevertheless I would wait for another test of 0,7710 - 0,7730 before setting up the hedging orders...
http://img36.picoodle.com/img/img36/...xm_70120d0.png

commodity research bureau Index chart look falling so does aussie, on chart (price wise) aud exhibit "v" shape recovery since beginning of march 2009 so does crb index thanks to chinese stimulus package what about if the chinese stop buying or stockpiling stop?

my bias still short and looking to short above 0.7900
  • #1,674
  • Jul 12, 2009 9:32pm Jul 12, 2009 9:32pm
http://img38.picoodle.com/img/img38/...im_6f7d524.png

assume you are short aud/usd and long nzd/usd , what price are you willing to buy or long the aud/usd with price range of 1.0600 - 1.3000 ?
what action you take if the price of aussie/kiwi cross fluctuate or bouncing up and down so manytimes within that range for few months to come?
  • #1,675
  • Jul 12, 2009 10:08pm Jul 12, 2009 10:08pm
Quoting ben10
http://img38.picoodle.com/img/img38/...im_6f7d524.png

assume you are short aud/usd and long nzd/usd , what price are you willing to buy or long the aud/usd with price range of 1.0600 - 1.3000 ?
what action you take if the price of aussie/kiwi cross fluctuate or bouncing up and down so manytimes within that range for few months to come?
hi ben, as far as I know, AUD and NZD usually have a very similar trend against USD

nevertheless I agree that both could fluctuate into a quite small range for the coming months
  • #1,676
  • Jul 13, 2009 5:30pm Jul 13, 2009 5:30pm
Quoting fammira
hi ben, as far as I know, AUD and NZD usually have a very similar trend against USD

nevertheless I agree that both could fluctuate into a quite small range for the coming months
you mentioned about hedge order so my strategy is :

@ short aud/usd and long nzd/usd = aud/nzd : nzd/usd = short aud/nzd (synthetic)

@ looking to buy aud/nzd at lowest price (range 1.3000 - 1.0600) so far my limit long stand at 1.2000
  • #1,677
  • Jul 13, 2009 6:06pm Jul 13, 2009 6:06pm
Quoting ben10
you mentioned about hedge order so my strategy is :

@ short aud/usd and long nzd/usd = aud/nzd : nzd/usd = short aud/nzd (synthetic)

@ looking to buy aud/nzd at lowest price (range 1.3000 - 1.0600) so far my limit long stand at 1.2000
why not hedging on the same pair?
  • #1,678
  • Jul 13, 2009 10:51pm Jul 13, 2009 10:51pm
Support Resistance Levels

0,7872 - 0,7914 - 0,7935 - 0,7966 - 0,8031

0,7842

0,7817 - 0,7762 - 0,773 - 0,7709 - 0,7675

---------------

support resistance

.
  • #1,679
  • Jul 13, 2009 11:26pm Jul 13, 2009 11:26pm
as expected, AUD managed to rise from the lows at 0,77 to reach our first target, the resistance zone at 0,786

the sentiment is now positive and I believe the above level will be eventually cut today and will shift to focus on 0,8035 where we could try at least a short term sell
  • #1,680
  • Jul 13, 2009 11:35pm Jul 13, 2009 11:35pm
Yes, I think the same way. Go up Aussie!
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