AUD/USD

Be careful with continuing to go short. The Weekly S1 and 200ma are there to hold it up on the H4.

4 hourly closed south next tes 91.20

What to think of this channel? Break or bounce

http://4.bp.blogspot.com/_8texnURUcC.../BlogForex.bmp

AUD/USD appears to have got it from all sides today. Risk aversion continued throughout with Asian bourses posting mostly losses of between 1.5-3.0%. The pair previously supported by option protection at 0.9200 caved in the face on onslaught of selling interests. The key “risk” trade after losing 2% on Friday continued to slide in Asia falling another +1%.

Not to mention daily uptrendline support at around the .9150 round number. I have locked in profits now and I am taking all profit at .9155

technically a break of 91.50 will take it all the way down to 90

well let see after the china Yuan revaluation. i hope this pair is going down.

sSome see the Aussie rally petering out


Many thanks to Ping for the link to this Bloomberg article which speculates that the big rally in the AUD is over and that it will fall back towards .8000 by the end of the year.


http://www.bloomberg.com/apps/news?p...6wSUJl0Q&pos=6

Shanghai Composite Closes Down 4.8%

Whilst it can have a life of its own, today’s sharp 4.8% drop is worrying, especially if you are long AUD. Reuters stated that the bourse was pressured lower by a tumble in the property sector after China ordered local governments to stamp out speculative activity. The property sector was down 6.7% whilst banks were under pressure on the back of the Goldman’s fraud case.

My post on potential "00" coming up
http://www.forexfactory.com/showpost...&postcount=545

break of 91.50 we are going to 90.00

91.30 is also in the way. I will attempt a long there if short term indicators agree. My H4 is looking like it wants to go up soon.
http://img14.imageshack.us/img14/3629/audusd4h.gif

We had the cockroach story earlier today, now we have the mafia story. David Goldman (no relation…lol) in his seekingalpha piece says the SEC have nailed a 32-year old Goldman Sachs Vice President and he appears to be “singing”. David says investment banks are not like the mafia…….no one takes a twenty year sentence and keeps their mouth shut!
The SEC report says the Paulson hedge fund picked 100 RMBS it expected to experience credit events in the near future and informed Goldman Sachs that it wanted the identified RMBS bonds or bonds with similar characteristics included in a CDO. Goldman Sachs of course sold the CDO to investors whilst selling protection to Paulson. The investors lost $1bln – Paulson pocketed $1bln. Hmmmmmmmm

2 & 5 day EMAs have turned today in a way that signals a new bearish downward trend.

In terms of fundamentals, can anyone explain why Goldman has had such an impact? I know they are a big player & all, but the reaction seems a little exaggerated..

Usd Positive should have some fireworks today

http://money.cnn.com/2010/04/19/mark...kets/index.htm

this time i am short

http://www.telegraph.co.uk/finance/c...tugal-too.html

Portuguese/German 10-year government bond yield spread has widened to 151 bps, highest since February. Portuguese 5-year CDS has widened to 204 bps from 195 bps at New York close Friday.

Seems the retail crowd got off the hook again.

EU trade chief De Gucht: Ash cloud will have serious economic impact in EU if it continues