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AUD/USD

  • #25,041
  • Nov 10, 2010 6:15pm Nov 10, 2010 6:15pm
Quoting Venice
Middle of trend...
I got nothing as of right now...
I must admit, I do like the stoch cross over here, I may take a small position short, target 995, still waiting for entry.

Awaiting 15m stoch to get me clearance for take off. 560'ish area does look like a good place to short from though. Will wait to see if resistance is broken here or obeyed.
  • #25,042
  • Nov 10, 2010 6:31pm Nov 10, 2010 6:31pm
oh crap! employment news was no good!
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #25,043
  • Nov 10, 2010 6:42pm Nov 10, 2010 6:42pm
hmmm... bad unemployment date.... will the chinese CPI fuel the fire?
Logics do not apply in FOREX
  • #25,044
  • Nov 10, 2010 6:48pm Nov 10, 2010 6:48pm
Whit this bad data, what do you think?
Think the pair will break below parity?
  • #25,045
  • Nov 10, 2010 7:00pm Nov 10, 2010 7:00pm
Quoting Sunsi
Whit this bad data, what do you think?
Think the pair will break below parity?
Yes but only to be bought up again
  • #25,046
  • Nov 10, 2010 7:00pm Nov 10, 2010 7:00pm
Don't understand why anyone is even trying to buy right now... only in forex does the values move against the news! hah.
  • #25,047
  • Nov 10, 2010 7:05pm Nov 10, 2010 7:05pm
Unemployment jump to 5.4% due to increase number of persons looking for job. By itself, it is not a bad news since more jobs is created. However, participation rate increase would ease inflation pressure as wage hike pressure might be eliminated.

Credit problem in Europe is resurfaced. China and emerging countries are implementing capital inflow control to prevent asset bubbles.

From fundamental point of view, it shows sign of AUD will be corrected to under parity.

Technically, double top is formed with retest of 1.0080. This also show that AUD should be corrected.

We need to look at the stock exchanges around the world, especially US stock exchange, to confirm this view.

Anyone who is thinking of QE3, QE4 should consider the recent controversy around the world about QE2. It is a good measure to consider the probability of next QE. I think QE3, QE4 are less likely.
  • #25,048
  • Nov 10, 2010 7:08pm Nov 10, 2010 7:08pm
Quoting Venice
Don't understand why anyone is even trying to buy right now... only in forex does the values move against the news! hah.
see the big picture.

im long at parity.. holding this for the long term.
  • #25,049
  • Nov 10, 2010 7:10pm Nov 10, 2010 7:10pm
Quoting Venice
Don't understand why anyone is even trying to buy right now... only in forex does the values move against the news! hah.
The main reason is the parity level, its a strong level in traders mind. If that level goes, it is likely to drop. But I guess, alot of traders are trading the parity level alone.
  • #25,050
  • Nov 10, 2010 7:10pm Nov 10, 2010 7:10pm
Quoting iezzzwan
see the big picture.

im long at parity.. holding this for the term long term.
same, I have longs between 9980-1.0000. I think price shouldn't drop below 9960. holding for the longterm.
I think Wednesday was the lowest we will see eu for a while as well.
  • #25,051
  • Nov 10, 2010 7:14pm Nov 10, 2010 7:14pm
Quoting amyc
same, I have longs between 9980-1.0000. I think price shouldn't drop below 9960. holding for the longterm.
I think Wednesday was the lowest we will see eu for a while as well.
Have a target of 995, lets see how it goes.
  • #25,052
  • Nov 10, 2010 7:15pm Nov 10, 2010 7:15pm
China data should be interesting as well.
  • #25,053
  • Nov 10, 2010 7:33pm Nov 10, 2010 7:33pm
Quoting Venice
China data should be interesting as well.
It should
Would not be surprised to see this pair gain slowely and steady until the china news, some bad news, are bad for the AUD, and will likely make this test the 1.00000 level again.
  • #25,054
  • Nov 10, 2010 7:46pm Nov 10, 2010 7:46pm
Do people expect high volatility when the chinese CPI comes out in 14 min?
  • #25,055
  • Nov 10, 2010 8:02pm Nov 10, 2010 8:02pm
Some good news for the China, likely to also be good for the AUD.
We also see, some bullish 15min candled have beeing formed.
I will loong this pair. Target point: 1.0060 area.
Anyone agrees on my theory?
  • #25,056
  • Nov 10, 2010 8:06pm Nov 10, 2010 8:06pm
Usdx seems to be falling. I am closing this manualy.
So far I am keeping it and will see how it does in the 1.0060 area. Hoping to retest the last high of 1.090. What do other traderes do?
  • #25,057
  • Nov 10, 2010 8:20pm Nov 10, 2010 8:20pm
Quoting Sunsi
Some good news for the China, likely to also be good for the AUD.
We also see, some bullish 15min candled have beeing formed.
I will loong this pair. Target point: 1.0060 area.
Anyone agrees on my theory?
That trade went well. Seems to having some resistance at 1.0060 area as expected, but the level could easily break.
  • #25,058
  • Nov 10, 2010 8:27pm Nov 10, 2010 8:27pm
Quoting Sunsi
That trade went well. Seems to having some resistance at 1.0060 area as expected, but the level could easily break.

keeping bullish !!!!
A chart helps those who can read it.
  • #25,059
  • Nov 10, 2010 8:33pm Nov 10, 2010 8:33pm
Quoting geniusztc

keeping bullish !!!!
go go bulls!! keep off parity~
  • #25,060
  • Nov 10, 2010 8:36pm Nov 10, 2010 8:36pm
As long as we hold over 1.0047 I would expect this to go higher troughout the Asia session. ( 1.0047 is a level this pair often have bounced back up from after a retrace from 1.0060)
Edit: This seems to be in progress now. Could very well happen. If we get 1h close over 1.0060 it is the bullish signal I need to keep this running to 1.0090. If not, I will try to close the two trades I have in at 1.0060 area.

The China News where good for the AUD, better then the AUstrrailen news where bad. I am hoping to get some more buying at the 1.0050 area, which we are now, a cose over 1.0060 would be great.
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