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AUD/USD

  • #34,741
  • Oct 20, 2011 11:59pm Oct 20, 2011 11:59pm
Quoting fx-rocket
AUD at 1.0216:
Might be a big call but...
If we see a break out of this "wedge" forming at the moment,
I think that 0.9980 will be the next target...

Needs to break 1.0180 for this to come into play....
i short EUR at 1.3773 hoping for a bigger move. Not sure how far it will work.

And yeah, it seems to be like 1.0216 a really good entry.

Good luck bro !!!!
  • #34,742
  • Edited 12:24am Oct 21, 2011 12:00am | Edited 12:24am
Quoting fx-rocket
AUD at 1.0216:
Might be a big call but...
If we see a break out of this "wedge" forming at the moment,
I think that 0.9980 will be the next target...

Needs to break 1.0180 for this to come into play....
needs to break 1.012 to even think about reaching parity. we had 3 bounces off that area on tuesday before it finally gave up and rallied off to 1.034. i know for certain i will be closing some of my position if we even get that far just in case it happens again.

having said that unless more rumours come out about the EU summit i dont think there'll be much movement tonight
  • #34,743
  • Oct 21, 2011 12:01am Oct 21, 2011 12:01am
Watch out...

http://blogs.telegraph.co.uk/finance...imposes-terms/
  • #34,744
  • Oct 21, 2011 12:34am Oct 21, 2011 12:34am
Quoting FX Tsunami
Hey friends,

Bon jour!!!

Even i have the option to short. Sell limit at 1.0250
Quoting FX Tsunami
I was unfortunate. My sell limit did not trigger. Lost the entry. Guess i will get a pull back. If so, i regard 1.0160 to be safer target. But my belief is to come down to 1.0140.

you might trigger on this bounce
  • #34,745
  • Oct 21, 2011 1:16am Oct 21, 2011 1:16am
Quoting taxe91
you might trigger on this bounce
i have cancelled that order. Will see how London moves, then will go for it.
  • #34,746
  • Oct 21, 2011 1:32am Oct 21, 2011 1:32am
I just tuned in... Good Day all!

I am waiting with a SELL LIMIT @ 1.0250 SL 1.0270 for a soft target of 1.018 then 1.01...
  • #34,747
  • Oct 21, 2011 1:40am Oct 21, 2011 1:40am
Quoting BurgerKing
I just tuned in... Good Day all!

I am waiting with a SELL LIMIT @ 1.0250 SL 1.0270 for a soft target of 1.018 then 1.01...
1.01 .... ..been waiting for that bloody level since tuesday!
  • #34,748
  • Oct 21, 2011 1:50am Oct 21, 2011 1:50am
Quoting taxe91
1.01 .... ..been waiting for that bloody level since tuesday!
Only targeting 1.0150...
Buy! Buy! Sell! Sell! Just make sure you have proper MM!
  • #34,749
  • Oct 21, 2011 2:06am Oct 21, 2011 2:06am
Quoting BurgerKing
I just tuned in... Good Day all!

I am waiting with a SELL LIMIT @ 1.0250 SL 1.0270 for a soft target of 1.018 then 1.01...
we have the same chart i guess?

but my SL is wider
  • #34,750
  • Oct 21, 2011 2:38am Oct 21, 2011 2:38am
BREAK! hate this rangy nonsense

Attached Image (click to enlarge)
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"Don't Panic..."
  • #34,751
  • Oct 21, 2011 3:15am Oct 21, 2011 3:15am
Slightly longer term view here for you. Is anyone else seeing this on a weekly chart?

I think the commodity currencies could be losing their shine due to the global downturn leading to less demand for commodities. That would make sense then for Aud, Nzd and Cad to be weakening a bit. Once demand for commodities increases then the carry trade aspect of Aud will kick back in and we could see another big push up. I can see either 0.93864 or even 0.85768 being the next big support (and I'd love it to be the latter!) and then we could get another big push to 1.10 for Aud.

I could be talking rubbish, what do you think?
Attached Image (click to enlarge)
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  • #34,752
  • Oct 21, 2011 3:27am Oct 21, 2011 3:27am
usd strengthening pretty much across the board everywhere but here..

only action ive had today was longing the pullback on the usd/chf
  • #34,753
  • Oct 21, 2011 3:34am Oct 21, 2011 3:34am
Quoting Hugh Briss
Slightly longer term view here for you. Is anyone else seeing this on a weekly chart?

I think the commodity currencies could be losing their shine due to the global downturn leading to less demand for commodities. That would make sense then for Aud, Nzd and Cad to be weakening a bit. Once demand for commodities increases then the carry trade aspect of Aud will kick back in and we could see another big push up. I can see either 0.93864 or even 0.85768 being the next big support (and I'd love it to be the latter!) and then we could get another...

providing aus wont be cutting their interest rates soon, which you got the feeling from based on their rba meeting minutes, im definitely of the opinion that we will revisit 1.08 (by the end of the year) and then 1.10.

in the meantime though i think we'll drop to below parity providing the daily trendline holds a little while longer
  • #34,754
  • Oct 21, 2011 3:40am Oct 21, 2011 3:40am
Quoting taxe91
providing aus wont be cutting their interest rates soon, which you got the feeling from based on their rba meeting minutes, im definitely of the opinion that we will revisit 1.08 (by the end of the year) and then 1.10.

in the meantime though i think we'll drop to below parity providing the daily trendline holds a little while longer
What are you basing that view on? Just the interest rates?
  • #34,755
  • Oct 21, 2011 3:47am Oct 21, 2011 3:47am
Quoting Hugh Briss
What are you basing that view on? Just the interest rates?
like i said mainly on the interest rates and the daily tl on the charts. also asia's growth slowdown (china) is going to starve australia's export base a little which should weaken the currency to a level below parity
  • #34,756
  • Oct 21, 2011 3:51am Oct 21, 2011 3:51am
Quoting taxe91
like i said mainly on the interest rates and the daily tl on the charts. also asia's growth slowdown (china) is going to starve australia's export base a little which should weaken the currency to a level below parity
Yep, that's more or less my logic for my view. We'll see in time. Anyway, I'm short and holding until proven otherwise. Good luck.
  • #34,757
  • Edited 6:08am Oct 21, 2011 3:59am | Edited 6:08am
after hours of wait, i just got in!

ADD: but the way it spiked up, seems like its probing the top

ADD: ATM, 1.02 is stubborn; moved SL to 1.0240 to secure some pips.

ADD: Stopped Out +9.6pips
  • #34,758
  • Oct 21, 2011 5:49am Oct 21, 2011 5:49am
ny could not open sooner

forex must be the only place where fridays are boring
  • #34,759
  • Oct 21, 2011 6:58am Oct 21, 2011 6:58am
well...its certainly broken its little triangle/wedge and gone up..god knows how far it'll get before it hits more resistance
  • #34,760
  • Oct 21, 2011 7:44am Oct 21, 2011 7:44am
I am picking a peak and shorting AUD @ 1.0300; SL 1.0400 (above this week's high) and Initial TP of 1.0180.

This will be an over the weekend trade. I am "betting" that the Euro Summit will be a failure to resolve anything sustantial.
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