AUD/USD

if i had just waited for an hour before placing my first long entries, I would have gotten in at such a better spot. damn it. stupid trigger fingers

Could be a bearish engulfing on aussie today. Same with DOW and S&P and Gold. Last day of quarter. Good chance of trend change.

Keep your eye on the 35sma here on H4. It has held price up for quite a while now but if price closes below it then it may spell bad news for longs!!

Just a word of advice people. If we close below 1136 on the S&P we're in for the start of a decent downtrend to test 1000.

Watch for a nice bounce short at 9655ish resistance...AUS bulls are in limbo with changing sentiment regarding Yuan,Euro and housing #s

I have 1.34 as a possible trigger...we're on the same page as it continues lower at 1142

regained support at .9658

good spot to add on a retrace of this small up move.

today

* 30 Sep 10: 02:03 GMT (SGA) - FX NOW! AUD/NZD, AUD/USD Flows - RBA says banking system, economy strong = Oct 5 rate hike
Slightly upbeat RBA semi-annual review, with RBA seen preparing markets for more Cash Rate hikes, even as Fed, BoE, BoJ Contemplate further easing. RBA gives a clean bill of health to the banking system. Says signs of recovery in profitability to pre-crisis levels. Bank bad-debt charges falling further in coming quarters. Only slight impact on banks as they replace pre-crisis funding at current market rates. Broader economy strong, growth as returned to trend. Recent cooling in home prices is welcome development for household finances. Australian banks well placed to meet new Basel regulations. On FX, AUD/USD holding steady at 0.9680-82 from its post data lows of 0.9679. AUD/NZD at 1.3150-55, with interest to buy AUD, AUD/NZD, AUD/GBP on dips on expectation of RBA hike next week. BIds 0.9650-80.WL



* 30 Sep 10: 03:24 GMT (SGA) - FX NOW! AUD/CAD, USD/CAD Flows - AUD/CAD wins "parity race" to hit 6-year highs on RBA/BoC
AUD/CAD wins the race to Parity - in the 3-horse race to Parity : AUD/USD, AUD/CAD, and USD/CAD (search AUD/CAD + Parity flows). AUD/CAD at 6-year 5-month highs of 1.0020-25, its highest level since May 2004 1.0062. AUD/CAD - like AUD/NZD - seen supported by Hawkish RBA, looking to hike next Tues October 5 to 4.75%, vs BOC which is pausing at 1.00% till next year. BoC will be under pressure to pause long, given comments from Finmin on negative GDP. Recap: Finmin Jim Flaherty says Canada's deficit for FY09/10 may top the govt's CAD53.8bln forecast. He flags that, GDP due out today, may be a "bit negative" - raising concerns over double dip - given concerns over US growth as well. AUD/CAD to test 1.0100 given the divergence in RBA/BoC and growth. More next. WL


shorts or longs only for scalp at this moment

Well if everyone viewing the form did a BOJ and sold sold sold we could push it bellow the 94.00 mark hahahahhahahaha

Red

At least .9580 before uptend resuption

[IMG]file:///C:/Users/Petrus-Nihi%20Temitope/Desktop/PHD/charts.gif[/IMG]

hit tg

short hit tg and long too

I think its time for a move up to 0.98 and only there I can see the possibility of a long-term reversal. Even so, with such good fundamental news on the Aussie we can actually be heading to new highs.

Thanks Red, good informative charts.

closed it. awaiting short


Red

if you trade audusd, trade loony too

all in south

sold eu too @ 1.36568

Think mkt short after CNY PMI.
I was one of them expecting 30-80 range before the numbers.
Dont know whether to close my eyes and buy for the slow short squeeze or call it a week.
Steak and a bottle of red sounds more attractive...