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AUD/USD

  • #2,401
  • Aug 26, 2009 8:32pm Aug 26, 2009 8:32pm
0.6800 long kiwi/dollar rescue team standing
  • #2,402
  • Aug 26, 2009 8:33pm Aug 26, 2009 8:33pm
Quoting blue_z_zz
with all that said just check the dollar index charts an judge for your self as i see the index in the region of 95 to 96 by year end now its at 78.6 so its about 20% increase in the us dollar
AUD is a commodity based currency. They way I look at it is commodities are going to go up once we have strong confidence on the recovery front. Oil will reach well above $100/b and that will drive AUD only higher. Just before the start of this recession, AUD was at parity with US$ when oil was historically high. Australia is the only country that has a higher interest rate that will only go higher from here. I wont be surprised if AUD reaches at .86 - .88 before December.

Althought it may dip to around .80-78 before bouncing back.
  • #2,403
  • Aug 26, 2009 8:58pm Aug 26, 2009 8:58pm
Quoting blue_z_zz
with all that said just check the dollar index charts an judge for your self as i see the index in the region of 95 to 96 by year end now its at 78.6 so its about 20% increase in the us dollar
http://img40.imagefra.me/img/img40/2...wm_99c7229.png

move forwards to 81.25 would creates triple top formation pattern and backward move to 77.25 could creats double bottom, 79.50 the hump

seriously i would prefer shanghai index as the china has more corelation to aud/usd lately, also i think chinese industrial over capasity is negative for the markets and im expecting shanghai index drifting lower, buble inthe making? who knows
  • #2,404
  • Aug 26, 2009 9:08pm Aug 26, 2009 9:08pm
Quoting puks
AUD is a commodity based currency. They way I look at it is commodities are going to go up once we have strong confidence on the recovery front. Oil will reach well above $100/b and that will drive AUD only higher. Just before the start of this recession, AUD was at parity with US$ when oil was historically high. Australia is the only country that has a higher interest rate that will only go higher from here. I wont be surprised if AUD reaches at .86 - .88 before December.

Althought it may dip to around .80-78 before bouncing back.
your absloutly right about the corrlation with oil and gold and to forther comment on this issue about gold its staying high because of hype inflation fear so if this fear is over dont be surprised to see gold in the region of 300-400 and about oil i see a bearish chart on the longer term with a strong us dollar oil prices and gold will go down as they are negtivly corraled
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #2,405
  • Aug 26, 2009 9:51pm Aug 26, 2009 9:51pm
just shorted @8265 first target 80 pips

[email protected]
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #2,406
  • Aug 26, 2009 11:46pm Aug 26, 2009 11:46pm
Quoting blue_z_zz
just shorted @8265 first target 80 pips

[email protected]
Either you or I will gain pips tonight. I would go long from here and to hedge it, go short in Euro from 1.4240.

I am long from .8275 with TP .8350.

Aussie Aussie Aussie oye oye oye....
  • #2,407
  • Aug 27, 2009 12:27am Aug 27, 2009 12:27am
Quoting puks
Aussie Aussie Aussie oye oye oye....
It's "OI! OI! OI!"

lol
  • #2,408
  • Aug 27, 2009 1:05am Aug 27, 2009 1:05am
Quoting T55
It's "OI! OI! OI!"

lol
As long as she goes up up and up :-)
  • #2,409
  • Aug 27, 2009 3:52am Aug 27, 2009 3:52am
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
Quoting puks
Either you or I will gain pips tonight. I would go long from here and to hedge it, go short in Euro from 1.4240.
I am long from .8275 with TP .8350.
Aussie Aussie Aussie oye oye oye....
i am confuse now ... so i've decided i wont go long or short until one of you start crying ... i still think 8220 - 8190 tonight ... lets see ...
  • #2,410
  • Aug 27, 2009 6:07am Aug 27, 2009 6:07am
Gone Long Till 0.8400 !
  • #2,411
  • Aug 27, 2009 6:15am Aug 27, 2009 6:15am
Quoting G_Man
i am confuse now ... so i've decided i wont go long or short until one of you start crying ... i still think 8220 - 8190 tonight ... lets see ...
Fortunately, my analysis worked out to be correct. Expecting to hover around 8325 before GDP data and expect Aussie to hit 8500 or possibly 8600 by end of next week as RBA is expecting to make a more hawish statement next Tuesday.

I am still holding on to my long from 8275.
  • #2,412
  • Aug 27, 2009 6:17am Aug 27, 2009 6:17am
Quoting Hasnaa
Gone Long Till 0.8400 !
Same here. Good GDP data + Hawish RBA comments = AUD touching 84-85 cents.
  • #2,413
  • Aug 27, 2009 6:27am Aug 27, 2009 6:27am
Guys,

Could you please advise me, in your opinion, which is the best forex platform in Australia?

Thanks
  • #2,414
  • Aug 27, 2009 6:33am Aug 27, 2009 6:33am
Quoting blue_z_zz
just shorted @8265 first target 80 pips

[email protected]

same here

Its all about the benjamins

Im thinking if the usd economic data comes positive aud/usd going down at least 80 pips
  • #2,415
  • Aug 27, 2009 6:35am Aug 27, 2009 6:35am
Platform as in broker?
  • #2,416
  • Aug 27, 2009 6:41am Aug 27, 2009 6:41am
Quoting Zeroh
Platform as in broker?
Yes please.
  • #2,417
  • Aug 27, 2009 6:55am Aug 27, 2009 6:55am
Well I'm from Canada but I use Oanda to enter trades, with Fxpro mt4 to chart. I believe Oanda is available in Australia.
  • #2,418
  • Aug 27, 2009 7:26am Aug 27, 2009 7:26am
Quoting blue_z_zz
just shorted @8265 first target 80 pips

[email protected]
you shorted from there????
  • #2,419
  • Aug 27, 2009 7:28am Aug 27, 2009 7:28am
Quoting puks
I wont be surprised if AUD reaches at .86 - .88 before December.

Althought it may dip to around .80-78 before bouncing back.
That is very reasonable Puks. I expect the same. Buying the dips now seem to make the most sense with this pair.
  • #2,420
  • Aug 27, 2009 7:34am Aug 27, 2009 7:34am
Quoting Magic Trader
That is very reasonable Puks. I expect the same. Buying the dips now seem to make the most sense with this pair.

Go short.

It will reach 8300 within next few hours. GDP and unemployment cliams will drive aud down but will find enough support around that level.

Cheers
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