AUD/USD

i still see the price weakness and if she penetrate 8850 then we know , so limit long orders above 8850 and limit short orders below 8850. the worst can happen is locking the loses but if one side got hit ...then it could ride and snowball it

cool ! right im out here 3 early in the morning here ouch!

expecting some retrace, at least to 0.8900.. but no fundamental can help, even dowjones knocked down

Hi guys

Well the market went as low as my expectations and i have just closed out. This is due to a cit due yesterday but i mentioned could be late today. I now have a high due on the 24th, but it could be as early as 23rd. I will not long this market as it is contratrend and will wait for a decent pull back into next week before i hit it hard again. The market has gone low enough to conifrm a decent high is in and we will drop into March. As per previous posts, i will sell any bounce.

Hello everybody! Here is my daily chart and long term plan:
First of all I would like to notice that USA shows an economical growth and yesterday reports made me more confident in this opinion. From another side RBA may make a pause in the rate growth and it may pressure AUD down in company with a gold correction. According to this I am looking for too see a correction to the black line(38.8 Fibo from the up-trend) in next 3-4 month. The nearest target as for me is 8664,but before that we will probably see the bounce to the "blue zone"(0.9016-0.9064)...if breaks 0.9203 is the last resistance. Thank you for attention.

Very helpful....I am waiting for the breach of .8850 to make an assesment

AUD/USD intraday: under pressure.


Pivot: 0.8925

Our preference: Short positions below 0.8925 with targets @ 0.8775 & 0.8675 in extension.

Alternative scenario: Above 0.8925 look for further upside with 0.8965 & 0.9025 as targets.

Comment: the RSI is bearish and calls for further decline.

Key levels
0.9025
0.8965
0.8925
0.887 last
0.8775
0.8675
0.859

AUD/USD: Asia Eyeing 100-Day MA After 1.5% Fall Sydney, December 18:

The AUD/USD has been particularly hard hit by the latest bout of USD strength as the AUD was a favoured currency in the investor take-up of USD-funded carry trades and those are getting unwound as we head into year-end. The AUD/USD tested the 100-day MA at 0.8848 on two occasions yesterday and managed to bounce each time. The AUD/USD has been trading above the 100-day since the asset market rally commenced in mid-March. The 100-day moves up to 0.8853 today with the base of the daily ichimoku cloud right behind at 0.8843 - so a break below 0.8840 would suggest more corrective weakness for the AUD/USD into year-end.
Sentiment towards the AUD has also been undermined by a 1.25% fall on Wall Street and steep slides in the gold price (3% down) and copper (2.4% down). A steep fall in US Treasury yields took the edge off the USD and helped to give the AUD/USD some support into the US close. Stiff hourly resistance has formed around 0.8920 and a break above that level is needed to take the pressure off the downside.

Oh shake that money tree harder baby please

Very nice long red ass candles on the 5M chart, keep shaking that money tree for dady

as i expected 8800 and bouncing on 5 minute, let see 8880 penetrate

Well we had a real domino affect before.The BoE comes out with it's Financial Stability Report which causes a dump in the $ with the consequent bounce in the Au......meanwhile the Gb does stuff all.Fair bit of dust blowing around for a while but seems a bit setttled now.

You really think it will go up and penetrate 0.8880 again after dropping down to 0.8808 ?? me thinks this baby is going down down down and there's more money in that tree for dady

as the daily is bearish now IMO !so i'll sell any rally, im pure shorty now for this pair. the parity talk is out of the door now im pretty sure about it!

for short term trade/scalp yes and with stop loss function! and for swing and medium term is defeneatly bear took over no need stop loss LOL

http://img01.imagefra.me/img/img01/2...6m_35781cd.png

 We highlighted the increase in US investor positioning in foreign assets as one of the reasons behind our short
EURUSD trade recommendation, initiated on 17 Dec 2009. The potential repatriation of funds amid recent negative
headlines from outside the US, coupled with improving US data, has helped the dollar strengthen and though we
still cannot say with certainty that the negative relationship between risk-seeking and the dollar has broken, it is
obviously under the most pressure we have seen in recent months.
 In a UBS Foreign Exchange Note dated 15 Dec 2009, we noted that American fund managers have sought risk
abroad again, especially in equities, which pushed the dollar back down. On the surface, the latest Flow of Funds
data showed that while the total share of US portfolios held in assets abroad at 14.6% in Q3’09 has not yet reached
the record levels of 17% of 2007, the breakdown shows that the share of American investor portfolios in foreign
markets is back to the extreme levels before the Lehman bankruptcy. That said, the recent Eurozone sovereign
credit downgrades has prompted some renewed risk aversion and has likely spurred some reduction in foreign asset
positions, which has helped the dollar.
 The dollar has also been supported by positive developments in US data, as the Federal Reserve says labor market
deterioration is “abating,” and improvement in government bond yields. While it appears that sentiment on the
dollar remains generally negative, the percent of days in December where the USD/S&P 500 negative correlation
has held is at its lowest since the beginning of the equity rally in March 2009. This continues the weaker trend that
we have seen in the second half of the year and has investors keyed into the next US labor data release in January,
as another positive surprise could further weaken, and possibly break, the negative correlation between risk-seeking
and the dollar.

Where is that info from DT...?

My broker sends it to me.

Ok thanks.....we got to Bens 8880 I see