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AUD/USD

  • #26,881
  • Jan 9, 2011 8:43pm Jan 9, 2011 8:43pm
Attached Image (click to enlarge)
Click to Enlarge Name: aud.jpg Size: 55 KB
  • #26,882
  • Jan 9, 2011 8:58pm Jan 9, 2011 8:58pm
Worth keeping an eye on EUR/AUD and EUR/NZD at this point, some interesting consolidation happening. These may be a buy at this point, leading into London open. London is unlikely to see the China data as beneficial to AU.

AU may come to a standstill while EU puts in a few decent pips north.
  • #26,883
  • Jan 9, 2011 9:18pm Jan 9, 2011 9:18pm
EUR/AUD chart, market may think it has a double bottom on the 4H

For the newbies, although the majors are paired against the USD, most trade more predominantly against the Euro - which is why watching EUR/AUD is important if you trade the Aussie.

Trade the Kiwi = watch EUR/NZD
Trade the Pound = watch EUR/GBP
Attached Image
  • #26,884
  • Jan 9, 2011 9:56pm Jan 9, 2011 9:56pm
"market may think it has a double bottom" .. uuuuh, yea, it is what it is, but what are u saying dude? lol
<< really no offence but it sounds funny
Old Habits Die Hard.
  • #26,885
  • Jan 9, 2011 9:59pm Jan 9, 2011 9:59pm
Quoting Shaggy_rock
Probably because they trade often with each other?
that would be my thought
That's my initial thought as well but from news release, it only move down south by 20 pips which looks to me like a normal trading..

Maybe the news doesn't have that much effect or is there something else at play? Any thoughts from veterans, seniors or fundamentalist?

I'm mainly technical trader but lately the fundamental elements have pique my interest. I also have a real acc trade in AUD that's trapped on short position when AUD exploded north and still haven't been able to close it (small position), so I'm waiting for it to go my way so I can close it at least at BE...

Cheers..
BC
  • #26,886
  • Jan 9, 2011 10:06pm Jan 9, 2011 10:06pm
Quoting redsword11
Attachment


stopped
  • #26,887
  • Jan 9, 2011 10:10pm Jan 9, 2011 10:10pm
Quoting blackcat2
That's my initial thought as well but from news release, it only move down south by 20 pips which looks to me like a normal trading..

Maybe the news doesn't have that much effect or is there something else at play? Any thoughts from veterans, seniors or fundamentalist?

I'm mainly technical trader but lately the fundamental elements have pique my interest. I also have a real acc trade in AUD that's trapped on short position when AUD exploded north and still haven't been able to close it (small position), so I'm waiting for it to go my way so I...
Wow u still got a short since that big move up north?
Been there too, burned my ass quite a bit indeed
Tough luck..
Trade balance isn't such a big news i think coz it are numbers that are already in effect, but they revealed it just now for the mass. I THINK!
Old Habits Die Hard.
  • #26,888
  • Edited 11:33pm Jan 9, 2011 11:11pm | Edited 11:33pm
An alternative movement downward could be a possibility if we get a break of the daily upward sloping trendline from June which is currently at 98.96. If its gonna happen its going to ocur within the next 2 days. I'm toying with the idea of puting a limit sell on the other side of the trendline just in case. If it does get broken expect a violent drop maybe the AUS trade balance might push it over the line? The trendline also corrosponds pretty close to the 61.8 fib for the move up from 01 Dec, so it might get interesting.
  • #26,889
  • Jan 9, 2011 11:38pm Jan 9, 2011 11:38pm
Quoting USD-Bear
With a possible double top for USDX and a clear bounce of 50% fib this all looks very bullish to me as long as it stay's above DPP

H5:
Attachment

H4:
Attachment
Long stopped @ BE, USDX is breaking out....
Don't be a hero. Don't have an ego. Always question yourself
  • #26,890
  • Jan 9, 2011 11:59pm Jan 9, 2011 11:59pm
Attached Image (click to enlarge)
Click to Enlarge Name: aud.jpg Size: 80 KB


manual stop below demand cluster


Attached Image (click to enlarge)
Click to Enlarge Name: sp.jpg Size: 82 KB



s&p approaching intraday support
  • #26,891
  • Edited 12:25am Jan 10, 2011 12:12am | Edited 12:25am
It's kissing poison ivy. Trichet has centre stage @ 8am. One should never under-estimate the importance of what this man has to say or of market's capacity to long the Euro ahead of the event.

TP on AU further up, didn't like the look of the EUR/AUD cross. In the high probability trades now, long EUR/AUD, long EUR/GBP and long EU. short GU.
  • #26,892
  • Jan 10, 2011 12:13am Jan 10, 2011 12:13am
USDX
Attached Image
  • #26,893
  • Jan 10, 2011 12:16am Jan 10, 2011 12:16am
Attached Image (click to enlarge)
Click to Enlarge Name: dx.jpg Size: 55 KB


Attached Image (click to enlarge)
Click to Enlarge Name: div dx.jpg Size: 107 KB
  • #26,894
  • Jan 10, 2011 12:30am Jan 10, 2011 12:30am
Nice divergence on USDX, red.

Here's some more fun to look at on UCHF (a bit off-topic but relevant nonetheless)
Attached Image
  • #26,895
  • Jan 10, 2011 12:36am Jan 10, 2011 12:36am
Quoting Jade Gate
Nice divergence on USDX, red.

Here's some more fun to look at on UCHF (a bit off-topic but relevant nonetheless)

Attached Image (click to enlarge)
Click to Enlarge Name: chf.jpg Size: 123 KB




l have tried to catch this swissy - such untidy PA
  • #26,896
  • Jan 10, 2011 12:41am Jan 10, 2011 12:41am
Quoting redsword11
Attachment

manual stop below demand cluster


Attachment


s&p approaching intraday support

Attached Image (click to enlarge)
Click to Enlarge Name: sp.jpg Size: 81 KB




dropped right through - approaching tg


if the lower zone holds, may see some dollar weakness
  • #26,897
  • Jan 10, 2011 12:42am Jan 10, 2011 12:42am
Gotta love Kathy Lien's USD debt default meter.

http://www.kathylien.com/site/geithn...its-a-big-deal

Bit of a worry if holding dollars.
  • #26,898
  • Jan 10, 2011 12:51am Jan 10, 2011 12:51am
I would not expect the US to default. If they did not only would the crap hit the fan, but the fan would get clogged and cut out.

Also I doubt they would want another banking crisis. Their major banks hold a significant amount of treasuries as a result of their obligations under Basel 2.
  • #26,899
  • Jan 10, 2011 12:57am Jan 10, 2011 12:57am
I am long on AUD/USD at 0.9910. Not sure whether where do the bears come from, but hey. Wish myself luck.
  • #26,900
  • Jan 10, 2011 1:26am Jan 10, 2011 1:26am
Quoting Amanda2
I am long on AUD/USD at 0.9910. Not sure whether where do the bears come from, but hey. Wish myself luck.
I do not think so, man.

Let see the chart:

http://img269.imageshack.us/img269/9184/audc.png
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