AUD/USD

..

... they might be waiting for this Aust data ...

1) 2h 40m from now ...Westpac Leading Index (20-40pips moves) / Previous 0.5% / No Consensus / usually whn this data goes up..AU will go up also.

2) 3h 30m from now ... RBA meeting minutes / 100-300pips moves up and down . U can goggle to see the updates details in their w-site.

US data will only be due in 16hrs from now.. the rest will probably be sell off from EUR/AUD..just watch tht pair carefully..

... pumping now... just don't get the fake banana... she has given me so much last year...

Gona try a long here at 1.5970 and see if we hold at 1.6000 usdindex is in the crapper with fiber to follow...Sure is choppy though it seams today maybe Asia will take her up...Tight stop here too!

Market is due for a breakout soon.
Failure on the downside and central banks looking to invest in Australia via bond sales could give AUD a lift.
As a frustrated bear you cant ignore the investment flows.
Despite what RBA says over interest rates the risk remains on the topside and dips present buying ops.
I've changed my tack and are going long AUD/USD..

..for me this gold is also one of the factor tht affects my trading decision in AU...

it ain't moving now.. so no animals to draw.. previous moves has bn completely executed.

... Well..every pairs are spiking now.. thought they might sell eur/aud ...but both sparring each other.....

..... i think no sell off from eur/aud... maybe "they" will go ahead with the aid to Greece. Maybe also ....most Greek debt came from Greek Banks...i think so...

Anyhow... AU is abt Aust and US...

AUD/USD buying on the dips seems a winner. Despite negative agency news by fitch presents great levels to buy.
In london session last night negative news by agencies had very little effect. why should asia be any different?
Watch for the short squeeze as the longs bailed.

1) USD Index

2) AU 15m tf


.. I don't know what type of creature so cruel like this... as usual... always be prepared..

im buying the dip. adding again.

added to position @ 28



gl!

1) RBA reaffirmed its stance of not rushing to resume rate hikes.

They said that ..... further tightening of monetary policy will be necessary ...

.... but WHEN ? So ..... "they" short it !

(Don't bother anymore abt tht Westpac Index - few pips only - maybe maintain as it is ) ..trade as usual now ...

2) 10hrs from now - US Home Sales - Concensus - No Good . Maybe we can buy AU later ... Otherwise we short some more..

3) Many all kinds of STOPs up there and down below... could drive AU become mad.

AU 5m tf..

US Data
--------
Should consensus materialize ...

1) Existing Home Sales Change / 5.85m ---> 4.85m (Buy AU)

2) Existing Home Sales (MoM) / = -0.8% ---> = -4.0% (Buy AU)

If only one item materialize.... shoot both ways

..

As a follow up to AUD/USD–Some Updates (18 June 2011), there is a potential new dynamic support.

http://lcchong.files.wordpress.com/2...ng?w=877&h=397

1) 4.81M

2) = -3.81%

..... should buy... imo..

1) AU 15m tf

2) USD Index

... eur/aud.... if it falls... could boost some more support for AU...however.. if it just falls within the channel.... need to becareful also on long AU.. so u got to watch them like an eagle..

Possible new channel forming on the 4hr, would like to see a different candle finish here in 25 min though...

yeah.... possible danger... those eur/aud guys really buying frenzy.. probably they're rich now.. got billions from EMU and IMF... ...however they forgot ..many ppl are interested to sell at tht price...