AUD/USD

a little concerned now that the US equities markets did a 180 degrees reversal. Staying on the side until this BS passes.

hi ... Good Morning .... just woke up .... probably ur right ...... he doesn't see the 4th "X" under the panel ....... making coffee now..

Good morning, afternoon or night whichever applies. I’m new to this forum. Just wanted to say hello. Seen plenty of good information on this site and decided to give it a go.

I hope u can see all the "X"

Hi Cosi Ur welcome ... pls share us ur thoughts in charts if any.

Ya I see all the Xs, but you have too much things going on that chart for me to understand . I'm confused with all those fibs, pitch forks and grid lines and different colors. Can you explain?

Thank you VennD. I will share as much thought as possible. Not sure how valuable it will be. Hope to bounce ideas on here so I can stop missing clear opportunities due to doubt. Been mostly on sideline today. Only a couple of trades today. looking to see how things play out before committing to another trade. Thinking of shorting if back above 1.1050 and no break of 1.1070/80. Daily slow stock overbought.

Can somebody explain me what will happen with the aussie after the meeting about the debt today at 6:00? what will happen with a default?

Im lazy to explain every details ... they're combinations of technicals/fundamentals/sentiments... and many more bla..bla.. bla.

One thing u got to know .... the TLs / Channels represent where the big money are.. ... Any price rejected .... shoot it ! that's where the "X" stand for..

Hey VennD, what you think about this? Chances it goes back to lows?

Sorry ... i don't have that pair in my list to scalp.

1. Prices are below EMA100 on daily - Short from the 3rd resistance on 4h to save SL.

2. Behaviour - One day UP .. one day DOWN ... or 12h intermittent.

It is not really about defaulting but rather voting for persmission to borrow more money to keep the country going, along with a plan on how to stop the insane amount of borrowing the US does to pay it's monthly bills. Default is a very unlikely option, (unless it becomes another one of those Washington porposeful policies like "the strong dollar that Geithner wants") but default may come around when the US formally declares they cannot pay or do not want to pay their bills any longer - it would be a gradual process. The bigger fear is the ratings downgrades that have all but been guaranteed to be announced (but when is not clear - perhaps next week)

The AUDUSD daily chart (5pm NY close) has 2 pin tops, with little volume/interest apparent there, and much like many other xxxUSD pairs, is exhibiting weakness. The daily close and at time of writing we are below the former previous high of 1.10113 so I would expect another notch lower, to try and confirm bullish intent, if interest is there (which I do not believe it is.)

This commentary from Kathy Lein does an excellent job of explaining what is at stake. Read the "Doomsday for the US Dollar" commentary of the day before for additional excellent explanations.

EUR/AUD Daily Chart, bullish hammer and double bottom support on daily. Pretty nice set up for good potential upside. May yield overall Aussie weakness to come.

remember what happened last crisis on this pair.

New Zealand Building Permits s.a (MoM) declines +2.2% ---> -1.4% (negative)

JPN MPMI increases
Tokyo CPI increases

therefore ...... nzd/usd sustains buying interest above 0.8700

(1-3hrs from now Aust Data due. If no good , will add-in shorts).

Enjoy the panorama ...

1) EUR/AUD 4h tf

2) GBP/AUD 4h tf

buy the fourth kiss of the trendline?

From RBA... Based on this there can't be any further interest rate rises for a while. And if this continue in negative territory - interest rate cuts will be on the agenda.
June 2011

Release date: 29 July 2011
Total credit provided to the private sector by financial intermediaries decreased by 0.1 per cent over June 2011, after rising by 0.3 per cent over May. Over the year to June, total credit rose by 2.7 per cent.
Housing credit increased by 0.3 per cent over June, following an increase of 0.5 per cent over May. Over the year to June, housing credit rose by 6.0 per cent.
Other personal credit declined by 0.4 per cent over June, after decreasing by 0.1 per cent over May. Over the year to June, other personal credit increased by 0.3 per cent.
Business credit declined by 0.7 per cent over June, after being flat in May. Over the year to June, business credit declined by 2.4 per cent.
Over the month of June, M3 declined by 0.5 per cent and broad money decreased by 0.6 per cent. Over the year to June, broad money grew by 6.8 per cent.

AUD @1.0990

Square up ahead of weekend as AUD fails second attempt at 1.11

Even though we are in a support zone not really willing to take on position over the weekend.

AUD/NZD @1.2655

Really no change since yesterday 1.2600 -1.2700 covers it but preference is towards 1.2800

Nice weekend

u ain't sleepy ? i hv bn sleeping twice , yet still dizzy. Can't add-in short from this level.... initial buyorder @ 1.0970 was taken....

1.0965 is also like hot cake among buyers..