AUD/USD

Made me $3k in less than 10 minutes on that downslide, cant argue with that!
Time to either give it back or go to bed, I choose bed, night all and GL tonight!

i can't see this sucker retracing over night, should follow other risk pairs down....

Waiting to see how London reacts before I do anything. I think that there might be too much confusion to make any educated trades until the dust settles. I think the market for AUD is more on damage control right now.

agreed.
Cant sleep, arg!
Not touching a trade though until eur open

This is an un-AUD related question. I am a Pool Operator and thinking about moving my client's assets from IKON Royal to Interbank FX. What do you think of IKON and Interbank. Sorry for the unrelated post, I am just moving client assets in the morning and need to make a decision.

If the rate would have been good for the AUD if they didnt hike then it should be simply,...sentiment should be neutral or downward,....right?

Expectations of a hike was heavily priced into the pair.

It could be a re-assessment of the strength of the economy rather than outright negative/neutral sentiment.

looking for a better price to sell is precisely why I came over here from EUR. It was the best trade going including the yen pairs far as I could tell. Aussie is still topping

i agree with that statement long-term, i was thinking short-term

So for right now,...as in the next 6 hours,....are we expecting the aussie to Fall,.....???? What im really concerned with is the Kiwi,....i know they pretty much are twins,.....What do u think ?

long @8782. target1: 50pips

Hi guys wonder why the 100pip drop for aud?
sibajnok all the best buddy for goin long.

cheers

aiyoh the rate at 1130 was jinks man only 3.75 instead of 4.00
thus the plunge....
tonite usd traderswill be watching the 0930 news haha

Everyone was expected the RBA to announce a 4% interest rate and they instead announced a 3.75%. It was gonna fall regardless but people went long to suck every bit of profit they could out of the pair and when the RBA announce a 3.75% it served no purpose to have those longs.

looks like I caught the bottom

London equities are higher right now, coupled with commodities rising(gold is up early), and the nikkei closing higher for a 2nd day along with the AUD holding support overnight, could mean another day of buying risky assets like the AUD, and NZD IMO. DOW and S&P futures just turned positive as well...

seems though like there is still a lot of downward pressure though on this pair. we need to close below .8783 in order to solidify resumption of downtrend.

Analyse what has happened in the last three days...
Prior to yesterday we saw
on sunday asian session a
ie

Sunday 31st of January-- A typical low volume move to sell at discount
Monday 1st of February-- Full value taken in selling the move at discount
Tuesday2nd of February--We are back to where we started from on the asian session...

What next ..
Monthly Candles Point Down
Weekly Candles Point Down
Daily Candles Point Down
4 Hourly Candles Point Down..
This point to only one thing that we should see further downside in this pair.. the argument be techincal analysts is that we are over sold and hence we should see a good retracement to the upside...imho this is unclear at this momment in time...

The only stat that give me a bit of bullishness is that gold is holding above 1074 hence...we could see a nice retracement if we hold..

Please be carefull... in assessing your stops...

Good Luck
GeppyG

Again I would like to say congratulation puks....as you traded with patience in getting your entry in or audusd . Well done..
This has got to be one of the best pairs to trade in the last 2 weeks..

Good Luck
Happy Trading

Geppyg

It sure was puks.

I expected to wake up this morning and see 64 clouds.

I netted 105 pips on AUD but lost 20 on the Euro.