AUD/USD

formaing a triangle

anu sugestions..

We all understand that nobody knows where price will go tomorrow. Maybe to 1.00, maybe to .9500. I don't know, and neither does anyone else. With that being said:

The top side is looking a little shakey to me. Everyone is all fired up about AUD intrest rate expectations, with 60 bps of increase by year's end being priced in by the futures market. Everyone is equally glum about the USD prospects for further easing. This has all played out over the last several days and is well known, and priced in. The question going forward is "which pair is more likley to continue or expand it's present momentum (from a fundamental perpective)." I submit that it is going to be harder for the AUD to continue it's rocket like rise that it has been on recently. For more significant gains, the Aussies must keep topping themselves and provide more imputus to continue it's gains. For USA, it simpy needs to maintain the status quo and not engage in QE2. Yes, A/U may go to new highs, perhaps 1.00, perhaps 1.0200, who knows. However, as it relates to a big move from here, A/U would have to take out .8790 to really say that the uptrend is over. That leaves room for an approximate retrace of 1,200 pips. Looking at the charts and fundamentals, it seems (to me) that the path of least resistance is skewed to the downside. Just my 2 cents.

Regards,

i guess au is going down until us open

bought @ 9795 at 4hr trend line for good 12pips profit ...

sold usd/jpy @ 8245 in range 4 a while...some good 12pips profit again.

Bearish engulfing daily candles on silver, gold, oil after a very massive run up. Be very wary people. Market positioning for AUD is very long. Also, retailers have been pairing their short positions as of late and adding longs.

On the ABC this morning, a chief economist came out and said "By next week we should comfortably see the dollar exceed parity".

With that said, I'm short.

held it north



Red

ohh..this was good...bought aud.usd on 4hr trendline again...@ 9803 hit tar 9822...nice couple of pips ..

and kiwi

I don't believe it...

Tweezer formation (on H2) Morning star (on H1). Going back up!

What do you think about shorting the aussie.. it there is a red doji on the daily charts. I think a nice retracement will do... I have to wait and short

Your chance for a short was early this morning (NY time) at what was D R3 (9910). S/L should be at B/E right now because there really wasn't a "fantastic" candle on the Daily or H4 to say that this pair is finally going down for a retrace.

I don't think this pair has topped yet, 9944 looks to be on the cards to me, if not today then Monday.

Well we have to wait and see are you in australia...and is your chart different from mine in the NY EST. MY DAY ENDS 12 MIDNIGHT

I'm in NY EST time.

Geez your dicing with death considering Europe come in every arvo and buy it.. First time for everything I guess.. But the pattern is
NY square up and sell it down.. Asia (unless there is data coming out ) do FA and Europe buys it.. Groundhog day ..

sold