Attachments: AUD/USD

AUD/USD

#30,321
Jun 23, 2011 8:06pm Jun 23, 2011 8:06pm

Warwick
| Joined Nov 2009 | Status: Risk Junkie | 778 Posts

Quoting lasty

Disliked

No surprises that market would test the downside and find out what they did on the topside, still range bound.

AS for my short GBP/AUD still hangin in there earning the points.
Initial target is still the magical 1.5000

GBP has broken some tech levels 200DMA 1.6054 and the uptrend line 1.6078 from May 2010.
Fundamentally its weak.
AUD shud remain supportive as Govt issues bonds,CB's diversify reserves and sovereigns look for good yields.

Ignored

Careful mate.... imo the Pound should fair considerably better than the Aussie in the upcoming trading sessions (short-medium) term....

#30,322
Jun 23, 2011 8:22pm Jun 23, 2011 8:22pm

lasty
Joined Aug 2008 | Status: Trader | 3,386 Posts

Quoting Warwick

Disliked

Careful mate.... imo the Pound should fair considerably better than the Aussie in the upcoming trading sessions (short-medium) term....

Ignored

You talking about an AUD slide or a GBP Buy ?

#30,323
Jun 23, 2011 10:12pm Jun 23, 2011 10:12pm

Warwick
| Joined Nov 2009 | Status: Risk Junkie | 778 Posts

Quoting lasty

Disliked

You talking about an AUD slide or a GBP Buy ?

Ignored

Well im not sure if I'd say a "GBP Buy" but rather for the Pound to stagnate at current levels for a bit

As for the AUD, I fancy the market is becoming quite bored with its "toy"... Pass the hot potato.

Again just an opinion....

#30,324
Jun 23, 2011 10:20pm Jun 23, 2011 10:20pm

capricorn34
| Joined Jun 2011 | Status: Trader | 38 Posts

I am long AUDUSD near the 1.05 range. I think I that was a poor decision buying at that level, however the swap rate on my .10 lot size is + $4.34 per day, so I will hold on a little while to see what happens

#30,325
Jun 24, 2011 2:29am Jun 24, 2011 2:29am

jeremyyn
| Joined Feb 2011 | Status: Margin Buu | 179 Posts

I am not liking these candle sticks formation at the moment for longs. So still waiting.

#30,326
Jun 24, 2011 3:52am Jun 24, 2011 3:52am

jeremyyn
| Joined Feb 2011 | Status: Margin Buu | 179 Posts

Ah good. I spoke too soon

#30,327
Jun 24, 2011 4:33am Jun 24, 2011 4:33am

Koopa
| Joined Jan 2011 | Status: Trader | 38 Posts

Does anyone know what's the reason for the surge ?

#30,328
Edited 9:07am Jun 24, 2011 8:50am | Edited 9:07am

VennD
Joined Oct 2007 | Status: Communicate-Advise-ShareExperiences | 4,564 Posts

....

1) AU 15m tf

2) USD Index 4h tf

..Meanwhile.. Im pipping here and there ...

3) US GDP Annualized , released today decreases from 3.1% ----> 1.9% . For me... atm... direction is NORTH but I need to get the best possible entry price.. Waiting for a decent retracement , somehow.

Cheers ..

Attached Image(s) (click to enlarge)