AUD/USD

Now that would be wonderful!!!

Let's try again.

Distribution:


Divergence:


Sellers.

Hi Mates,

Maybe a spike towards 0.91 levels but I say watch out :
STRONGLY overbought!

I am perhaps too conservative:

My view is it is going to correct down, as I spot divergence rising now since 02h00 am today.

Should correct down to 0.90 levels .

I would short the next strength... if at all...

Positive: it will correct.

So if you are long with ambitious targets: caution!: be ready to get out or hedge your trade.

Bye mates

Claude

for those trading Aud/Usd a breakout is coming, i enter long @ 9035

Seems like its frozen at the moment. Might be waiting for the ECB news and then it will dance up and down with EUR/USD!!

i dont know dongsky it might have another push higher but the risk/reward ratio is not balanced for me and im getting alot of bearish signals on oil , gold, dow, and the s&p and bullish signals on the usd index this is my opnion and goodluck to you but for me i want risk 200 pips upside potantial for a 400 pips down side expectation

Look for a 0.9458 breakout then.

But I still see a loss of momentum ...

Cheers.

Claude

I'm long with U/J at 88.30 . If the news goes well for USD then it should touch 89.00 today!! Lets c!!

you have a good point there... i might just liquidate my position then i had just closed 50 pips earlier. cheers mate

thanks mate, appreciate all your concern

if you won't mind, what platform you're using currently?

do you have a volume indicator on your trading platform?

guys if you like to read about technical patterns this is interesting

Hi Mate,

Compatriot of my several cousins, in Australia.

Here attached, my Volume indicator.

Claudio

hmm..The market is very quite at the moment, seems like a significant move is around the corner! Lets c!

Fammira,

you were spot on in your prediction on top formation at .9045. I was wrong!! however, I am still sitting on the sidelines waiting for a confirmed entry which, I believe, will come only after the unemployment data.

I hate this daylight savings time. All the important news, dow open etc happens after 11.30 pm sydney time. From November, it will come at about 12.30am.

unemployment data claims.

Whatever the data is, here is what i believe will happen...

First reaction in 5 mins:::

f&*K f&*K f&*K f&*K sh!t sh!t sh!t sh!t = US$ getting stronger

after 15 mins:::

f&*K f&*K f&*K f&*K sh!t sh!t sh!t sh!t = US$ will get spanked left, right and center.

AUD will be at 91 by then.

[b]Dollar hits fresh 14-month highs[/B]

http://www.businessday.com.au/busine...1008-gnjt.html


he Australian dollar shot above 90 US cents on Thursday for the first time in 14 months after a resoundingly strong local jobs report fostered talk that interest rates will rise steadily through the rest of the year.

The Aussie leapt over a cent to a high of 90.35 US cents, local swap rates hit 11-month highs, while bill and bond futures slumped after data showed Australia added 40,600 jobs in September, blowing away forecasts for a drop of 10,000.

At the local close, the Australian dollar was buying 90.27 US cents. It was also worth 56.4 pence, 61.6 euro cents and 79.7 yen.

The stunning outcome led investors to price in a 100 per cent chance of a 25-basis-point rate rise in November, up from 70 per cent seen on Wednesday.

Some economists were talking about the chance of a 50-basis-point move in November too.

"The alternative of a larger move in November cannot be ruled out, particularly if underlying inflation looks ugly when the consumer price index is released later this month," said Felicity Emmett, a economist at RBS.

The Reserve Bank of Australia surprised some investors on Tuesday when it raised rates by 25 basis points to 3.25 per cent, making it the first among the Group of 20 to lift rates. Investors seemed certain the RBA will raise rates by another 25 basis points in December as well.

Interbank futures showed an implied rate of 3.71 per cent that month. By early evening, the Aussie had steadied around 90.26 US cents, more than three cents from Monday's low of 86.48 US cents.

The speed and extent of its gains has marked it overbought on charts.

The 14-day relative strength index stood at 77 points, and it traded above the upper Bollinger Band at 89.45 US cents. Some analysts said they still thought the Aussie was a buy though, given the prospects of higher rates and a resilient local economy.

A poll on Thursday showed some predict the Aussie to rise as far as 96 US cents in three months.

"We still like the Aussie, on the basis of solid and improving fundamentals," said Patrick Bennett, an analyst at Societe Generale. Against the yen, the Aussie rose to 79.58, from Wednesday's 78.96.

No fire works yet! All pairs are frozen?? Come on!! MOVEEEEE!!!

0.9119