AUD/USD

LONG @ 0665. Playing the range....

Regards,

Exact same price my Long is at.

I think it is a good entry....but then again.....what do i know.

quite heavy pressure on all fronts correct.

the DJ and S&P have been falling sharply all day

moved my SL to 6300.

been short with tp around 1.0600...almost there...may move the tp lower if the es contract keeps selling off.

es?

Hi All,
I just received an email from my bank manager ( Westpac) that details the banks standing on economy and AU cross rates. Its a pretty long and detailed report but I am just pasting a gist of it which basically shows that banks view.
I closed my multiple shorts I had taken from yesterday and am waiting for the next set up, be it long or short, it doesn't matter. What matters is healthy account, good use of tools and interpretation of charts.

Good luck all.

Our advice to customers based on our reading of the sharp increase in the hawkishness of the Bank's rhetoric was that it would only have taken that decision to use that language if it was preparing the market and the community for an imminent rate move. To drop that language at this stage should be seen to be a significant decision but such has been the inconsistency of their communications it is difficult to ascertain exactly where the Bank is coming from. Our view has always been that an imminent rate hike was likely to do significant damage to an economy which outside mining is already weakening. However, it is our professional duty to interpret the Bank's communications on face value. Others expected that the next move by the Bank will be the beginning of a sequence of moves while we have argued that due to the likely damage to the economy of a rate hike a follow-up move was unlikely and the next increase could not be expected until the June quarter 2012.

The decision to change the Bank's rhetoric in this statement must be interpreted as a more cautious approach to the next rate decision. It has to cast considerable doubt on our position that while a move in June was unlikely, a July move was very much on the cards.

Clearly the Bank's position is fluctuating and any move is now very much dependent upon the data flow.

We expect that there will be a very large employment print on June 9, which may lead to a significant fall in the unemployment rate and swing the debate back towards an early rate hike. However, precluding that event and taking this statement as we must, on face value, it appears that the case for a rate hike will probably have to await the next CPI which will print on July 27 for an August decision.

Aussie crosses off their lows as the infamous Asian square up rears its head before the might of Europe.
AUD/JPY AUD/EUR and AUD/GBP been the standouts.. and AUD/NZD lagging..

Suspect that this trend hasnt finished yet..

With regards to the housing finance numbers.. it seems that this "irregularity" has been noticed by a well known local rating agency- who deems the underlying demand as weak.

Of late there has been a few surprises in Australian economic data..which doesnt correspond to the true picture... perhaps their is a glitch with the -/+ buttons

hopefully will see some more upside during london.

1.075 needs to go

buy buy buy

If oil trades higher, AUD will go up too!

definitely aud/usd is at the buy side.. i will buy at 1.0696



follow my journal
http://www.forexfactory.com/showthre...254704&page=39

Let's see
I think it will test 1.0590 support soon

Closed an order to buy in the black when the rate was 1.0735 just before the huge decrease.

Now wait approximately 1.0600 and then move to the north.

finally making a push towards the 1.06 level, Looking at possible 1.0590 as support and a area to tp on short.


The ES is the S&P futures contract symbol, AUD/USD has a heavy correlation to the ES contract, it's vital when your trading this pair to have the S&P futures right next to it.

What do you think AUDUSD is dropping down?

Well caddilac,
Look at my charts and let’s see.

Is the price going up, or is the price going down.

I think short term it is going down, but don’t forget that the long term trend is going up.

So do you think that TP somewhere around 1.0520 is impossible in a few hours?

If it’s continuing down on the daily chart we are probably looking at about 1.04000 by weekend. However the Aussie finds it hard to go down for too long and therefore may have come down as low as it is going for now.
Keep your eyes on the price action and observe what is happening then make your own decision.
Safe trading.

Take a look at where we are now.

Time has come..

Bigger dropping better time to go long. As long as Chinese economic is growing, aud is still strong.

Tight StopLoss... Take it or Leave it !

She kept nagging in there... doesn't wanna fly.

Wait for those angel (USD Index) to fall from that level, only then ... either way react.