AUD/USD

.91938-.93073 is the range i see for the day

no idea why but i think 9280 will crack soon or may be after pullback to 9300 then it will penetrate below 9280 just IMO!

Some news quotes to ponder

0207 GMT [Dow Jones] AUD/USD weakness likely short-lived as pair remains very much a buy on dips, says Bank of New Zealand FX Strategist Mike Jones. Expects pair to turn around when London opens; "dips will be bought, I don't think this is a sustained sell-off." Says losses exacerbated by market chatter of sovereign accounts selling from Asia, triggering stop losses. Pair last 0.9285.(EGC)


0209 GMT [Dow Jones] AUD/USD ran hard into key resistance as it approached October highs, but likely only a temporary setback as bigger picture remains for further significant AUD gains, says Sydney-based Strategist. "It's hard not to see the USD get slammed," in an environment where Fed is keeping ultra-low rates, while AUD offers attractive yield. Pair last 0.9288. (EGC)

Here is a report on AUD at noon today by the Fairfax group. The upbeat is quite strong.

The Australian dollar was a fraction shy its 2009 high at noon on much greater appetite for risk-sensitive currencies and after the International Monetary Fund (IMF) said the US dollar was overvalued.
At 1200 AEDT, the Australian dollar was trading at $US0.9299/02, up half a cent from Monday's close of $US0.9249/52.
During the local session, the unit traded between $US0.9295 and $US0.9323, its highest point since $US0.9327 on October 21 this year.
RBC capital markets currency strategist Sue Trinh said the local unit pushed higher during Monday's offshore session after the IMF said the US dollar was overvalued.
"There are indications that the US dollar is now serving as the funding currency for carry trades," the IMF is reported to have said in a report.
Ms Trinh said the comment helped bolster investor appetite for risk as currency traders "unleashed" and sold off the US dollar.
"We're testing recent highs as the US dollar continues to come under attack post the IMF comments yesterday," she said.
"The market took (that comment) to be a green light to keep selling further.
"$US0.9330 continues to be the target for the Aussie."
Other factors supporting the domestic unit included a strong 24 hours on equity markets worldwide and an upbeat National Australia Bank (NAB) business confidence survey.
Wall Street finished Monday's offshore trade higher, with the Dow Jones Industrial Average up 2.03 per cent to 10,226.94 points.
At 1200 AEDT the benchmark S&P/ASX200 index was up 1.38 per cent to 4,739.6 points, while the broader All Ordinaries index had risen 1.37 per cent to 4,750.8 points.
On the Sydney Futures Exchange, the December share price index contract was 67 points higher at 4,751 on a volume of 16,766 contracts.
Ms Trinh said the Australian dollar could hit $US0.9500 by week's end if domestic employment data on Thursday was better than expected.
The median market forecast is for unemployment to have risen 0.1 per cent to 5.8 per cent in October and a participation rate of 65.2 per cent.
The unemployment rate unexpectedly fell 0.1 per cent to 5.7 per cent in September after the economy generated 40,600 new jobs, the Australian Bureau of Statistics data showed last month.
Meanwhile, the Australian bond market was weaker at noon.
At 1200 AEDT, the yield on the Commonwealth Government March 2019 bond was at 5.670 per cent, up from Monday's close of 5.652 per cent, while the yield on the April 2012 bond was at 5.094 per cent, up from 5.045 per cent previously.
On the Sydney Futures Exchange, the December 10-year bond futures contract price was at 94.295, down from Monday's close of 94.310, while the December three-year bond futures contract was at 94.800, down from 94.830 previously.

Good news for me.

thank you Tradoholic and Scalpin i appreciate that

me think this way from 5 minute chart view

http://img39.imagefra.me/img/img39/2...jm_e45ed8b.png

got to go ...Ciao!

hi all!

does anybody can provide and post an USDLFX daily charts with volumes?

thanks

AUSTRALIA: Reported comments from Aussie Trade Minister Simon Crean
-- Strong aussie dollar reflection of markets
-- Despite strong dollar, exports have improved.
-- Manufacturers must prepare for stronger aussie dollar.

Reports yesterday cited Bank of America Merrill Lynch analysts as saying gold
will probably hit $1500 within the next 18 months, citing moves by some
central banks to hedge against declines in currencies including the
dollar, euro and yen.

just a test of uploading a chart ( first time)

I'm still long from 9000... and still plan to tp around 96-9800

Hoping the upcoming unemployment data will be better than expected which could provide the boost necessary for higher highs.

Oh well my target of 9350 is within the next couple days, hopefully i may get this from aussie unemployment, if not equities rally.

My average position though at the moment is 0.9065, I'm just looking to get a decent take profit, at this point and then waiting for re entry when this thing dips.

Firstly - let me say hi...this is my first post -

Looks to be testing the 0.9280 resistance level as I type, will be interesting to see what eventuates should it break lower.

If it can't hold above that support I'll be going short with a targets of around 0.924 and then 0.920 over the next day or two, stops will be above the 0.9280 resistance.

What timeframe are you trading on? Can we see a picture?

Most seem to trade 1min and 5min chart and look at 1hr 4hr and daily for trend guidance, this all depends on your specific strategy though of course.



Quote
SYDNEY (Dow Jones)--The Australian dollar edged higher in Asia trade on Tuesday and is tipped to climb further in the near term as economic fundamentals continue to favor appreciation.
Giving a firm signal the government is relaxed with any test of parity against the U.S. dollar, Australia's Trade Minister Simon Crean said the Australian dollar could rise to parity with the U.S. currency, and the country's manufacturers will have to learn to live with it.

time frame - I'm looking to hit those targets tonight or tomorrow (Aus time).

Sorry Kas1, just realised the above question was directed to Scottik187

No worries I didn't even realize until you mentioned it...looks like its dipping like a baseball player.

What an anology!

uiuiuiu eeeee by alborguet

short amigos