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AUD/USD

  • #24,101
  • Oct 7, 2010 12:36am Oct 7, 2010 12:36am
Quoting kfx3001
What the opinion on a retrace back to .9780
9810 first support hasnt really looked like testing 9820 sellers at 9850
Eur moved up AUD hasnt gone with it sellers at 1.3950 Eur..
You might get lucky as the mkt may be a tad long trying to force 9850..
Europe have been the buyers... If the mkt is banking on them to take it up and dont then 9780 will be a delight for you
  • #24,102
  • Oct 7, 2010 1:09am Oct 7, 2010 1:09am
  •  damo
  • | Joined Aug 2010 | Status: Chart Pattern & Trend Trader | 217 Posts
I hope this fails. so far this week this pattern never has.

Attached Image (click to enlarge)
Click to Enlarge Name: 5min.PNG Size: 61 KB
Trade what you see, not what you think.
  • #24,103
  • Oct 7, 2010 1:33am Oct 7, 2010 1:33am
  •  damo
  • | Joined Aug 2010 | Status: Chart Pattern & Trend Trader | 217 Posts
And there it goes. So much for 9850. This is getting ridiculous.
Trade what you see, not what you think.
  • #24,104
  • Oct 7, 2010 1:35am Oct 7, 2010 1:35am
It didn't even take a breath until .9861
  • #24,105
  • Oct 7, 2010 1:35am Oct 7, 2010 1:35am
Quoting damo
And there it goes. So much for 9850. This is getting ridiculous.
They just love the stuff dont they?
  • #24,106
  • Oct 7, 2010 1:37am Oct 7, 2010 1:37am
  •  damo
  • | Joined Aug 2010 | Status: Chart Pattern & Trend Trader | 217 Posts
Like a drug. Next stop would have to be parity.
Trade what you see, not what you think.
  • #24,107
  • Oct 7, 2010 1:42am Oct 7, 2010 1:42am
ok so what do we do now? i have no more data on my charts only goes back a few years lol ? next stop i guess 1.00
  • #24,108
  • Oct 7, 2010 1:48am Oct 7, 2010 1:48am
Quoting ivanovic01
ok so what do we do now? i have no more data on my charts only goes back a few years lol ? next stop i guess 1.00
I recommend Americans go out and buy a wheelbarrow for their dollars.

j/k
  • #24,109
  • Oct 7, 2010 1:49am Oct 7, 2010 1:49am
Quoting ivanovic01
ok so what do we do now? i have no more data on my charts only goes back a few years lol ? next stop i guess 1.00
9950 and then the biggie
  • #24,110
  • Oct 7, 2010 1:54am Oct 7, 2010 1:54am
  •  damo
  • | Joined Aug 2010 | Status: Chart Pattern & Trend Trader | 217 Posts
Wow...today its moved 130 pips.

Such much for "a normal retracement"
Trade what you see, not what you think.
  • #24,111
  • Oct 7, 2010 1:54am Oct 7, 2010 1:54am
sold all my longs and just opened a new one just a small one would hate to miss out on the big 1.00
  • #24,112
  • Oct 7, 2010 1:58am Oct 7, 2010 1:58am
dont expect a sharp reversal yet. I reckon its too early to go short. Price normally takes a breather with a bit of consolidation after a strong uptrend. Wait and see atm
  • #24,113
  • Oct 7, 2010 2:07am Oct 7, 2010 2:07am
This kind of exchange rate must be unhealthy for the Australian economy.
This pricing seems a little irrational.
I was hoping for a long entry at 0.9810 needless to say I have canceled that.
  • #24,114
  • Oct 7, 2010 2:10am Oct 7, 2010 2:10am
  •  damo
  • | Joined Aug 2010 | Status: Chart Pattern & Trend Trader | 217 Posts
130 pips. Thats about its daily range. It may keep going for the day but it will soften a bit.

Note: I said soften, not turn around. I wouldn't stand in front of a train, and at the moment the Aussie is a train at full speed.
Trade what you see, not what you think.
  • #24,115
  • Oct 7, 2010 2:16am Oct 7, 2010 2:16am
Quoting damo
130 pips. Thats about its daily range. It may keep going for the day but it will soften a bit.

Note: I said soften, not turn around. I wouldn't stand in front of a train, and at the moment the Aussie is a train at full speed.
soften you mean down 2 pips and then up 200
  • #24,116
  • Oct 7, 2010 2:16am Oct 7, 2010 2:16am
whats going on with this Aud,Nzd's strength?
  • #24,117
  • Oct 7, 2010 2:18am Oct 7, 2010 2:18am
There must be a retracement soon, but I would not bet against a break of 0.99 within the hour.
Maybe we might see a retracement if the Fed puts out some kind of statement today?
  • #24,118
  • Oct 7, 2010 2:21am Oct 7, 2010 2:21am
Quoting fxking
whats going on with this Aud,Nzd's strength?
US dollar weakness .. nice yields... great people... it shud be at 2.00
  • #24,119
  • Oct 7, 2010 2:22am Oct 7, 2010 2:22am
Quoting ivanovic01
ok so what do we do now? i have no more data on my charts only goes back a few years lol ? next stop i guess 1.00
Just pull up a weekly chart of crude oil and you will get your answer.
  • #24,120
  • Oct 7, 2010 2:27am Oct 7, 2010 2:27am
Quoting fxking
whats going on with this Aud,Nzd's strength?
Australia has just posted great unemployment figures. Gold is on the rise again. USD is continuing with QE.
Gone to a better place
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