AUD/USD

Looks like it just broke...

'bout time

Too bad I'll close everything and reopen next week at market open.

No way in hell I am keeping anything open over New Years Weekend. Fed employee gets drunk, tells someone that they have no intention of doing ANY buybacks in 2010 and WHAMMO dollar gaps 200 pips..

I got a little partial profit and stopped at BE on many open trades...

All I can say is "WOW"

That'll finish my 2009 book.

Happy New Year!

Happy New Year Aussie traders!

HAPPY 2010 EVERYONE ! HOPE YOU ALL HAVE A FANTASTIC YEAR

Possible consolidation on the four hourly?

AUD/USD intraday: key ST resistance at 0.9025.


Pivot: 0.9025

Preference: Short positions below 0.9025 with targets @ 0.8945 & 0.89 in extension.

Alternative scenario: Above 0.9025 look for further upside with 0.905 & 0.909 as targets.

Comment: the RSI calls for a drop.

Key levels
0.909
0.905
0.9025
0.896 last
0.8945
0.89
0.886

AUD/USD:Opens The Year With Bid Tone In Quiet Start Sydney,January 4: The AUD/USD has traded as high as 0.8992 this morning after closingthe USsession around 0.8975. The AUD/USD has managed to retain a bid tone despite thefact that the USD is performing well against the EUR and JPY after getting a boostfrom the much better than expected US weekly jobless claims data on Friday.Sentiment towards the AUD/USD is cautiously bullish as we start off the yearwhile sentiment towards the AUD/JPY and AUD/EUR is decidedly bullish.
Resistance in the AUD/USD is found at Friday"s0.9010 high with the daily kinjun line not far behind at 0.9030. A break above0.9030 targets the 55-day MA around 0.9110. Support is found at the 21-day MAaround 0.8970 with some minor hourly support coming in around 0.8950.

Analysts Say AUD Ready To Climb Further - Sydney Morning Herald Sydney, January 4: An article inFfriday"s Sydney Morning Herald quoted a number of local economists andcurrency analsys as saying that the AUD was set to move higher in 2010.According to the SMH JPMorgan, Nomura, Westpac and CBA all predict the dollarwill burst through 0.9500 this year, and some are tipping a jump to parity. Thechief economist at JPMorgan, Stephen Walters, dismissed recent weakness in theAUD - saying that investors in the coming year focus on the strength of theAustralian economy compared with others. Walters predicts the AUD will reachparity with the USD by the middle of the year saying in the
article that investors would be drawn back to the Australian dollar because theRBA"s benchmark rate was likely rise from 3.75% to 5% at some stage.
Other AUD-supportive factors noted in the articleis the prediction by some that iron ore settlement prices will jump by 40% andcoal prices by 20% amid claims that China"s economy may grow at 10% thisyear. Nomura chief economist Stephen Roberts also pointed to figures from the IMFshowing that central banks diversification efforts resulted in a record 26 BLNUSD worth of purchases in "other" currencies in the Septemberquarter, mainly AUD and CAD. "That diversification factor is probablygoing to be strongly supporting of the Australian dollar in 2010," saidRoberts, who also predicts US dollar parity by the end of the year.Westpac"s chief currency strategist, Robert Rennie, expects the AUD/USD tohit 0.9600 in March, but said parity would be difficult as US interestrates started to creep up.

Aud should move up into at least 9027 on Monday, I will be looking to short from around this level with stops above 9050.

AUD traded higher despite report that Australia's private sector credit rose by just 0.1% in November. Australia's
private sector credit growth is at its slowest pace in 17 years. Weaker private sector credit growth may slow the
Australian recovery and dampen RBA rate hike speculation. Today's AUD rally is attributed to firmer metals prices
as copper trades at 16 month high and improving risk appetite as globalized markets rally with the Hang Seng
index closing 1.5% higher. AUD had been experiencing significant selling pressure sparked by diminished RBA
rate hike speculation and concern that recent RBA rate hikes have contributed to weaker than expected domestic
growth in Australia. At the start of December investors were looking for the RBA to hike rates by 50 bps in
February. The trade now is looking for the RBA to pause in its tightening cycle because the sustainability of the economic recovery in Australia is less certain. Today's Australian private sector credit report will further reduce
the odds of a February RBA rate hike.
On January 6th November building approvals would be released expected at 1.5% compared to -0.6% last month.
On January 7th November retail sales and November trade balance will be released. Retail sales are expected to
rise by 0.6% compared to 0.3% last month. The trade balance is expected at -2.5bln compared to -2.3bln last
month.
The technical outlook for the AUD is positive as the AUD trades above 9000. Expect AUD support at 8902 the
December 30th low with resistance at 9070 the December 16th high.

Take profit reached for shorts on the euro at 1.4258. The aud still need to swing back up to 9027 sometime this week, I think that sometime over the next 24-48 hours we will see a swing back up for the currencies before the next leg down. The pound needs to swing up as far as 1.6279.

Howdy Aussie Traders,

After closing all my open shorts for modest profits I am back for more in 2010! Only minor gaps over the weekend. Kiwi still might have a gap to fill at .7260 (depends on the platform). In any event, I took shorts right at the market open. Kiwi and Aussie two lots each @ 7249 and 8990.

eur/aud might be bottoming and could be good for a long too so I jumped on board at 1.5934.

Happy New Year everyone,
I went short at the current level with some pending buy orders at .9010 to hedge my short trades if it wants to break higher, I think it is capping around .90 for now and it will head lower from here (considering the Div at 4h chart and RSI)
as far as R at .9010 holds the short term trend is down but the intraday trend is mixed as far as S at .8900 holds, we need to see a break below .8900 to be on the safe side for shorting

Hi Shahab8b,

Happy New Year mate. Hope you had a great break.

hey, can you plz tell me how do I combine two indicators of different values in one window in MT4? I would like to have RSI 14 and RSI 4 in one window but its not working.

Thanks mate.

Im short as well.

Heres a question, do you think the market movers are actually selling or taking profit?

I'm also short. Just opened a position at 8970. Are we back to normal trading conditions or will it still be thin this week do u think?

I really couldnt give you an intelligent answer. Its going to be better then pre-holdiays though.

I'm looooooooooooooooooooooonnnnnnnnnnnnnnnnnggggggggggg

Thanks for the money.