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AUD/USD

  • #39,781
  • Feb 2, 2012 10:10pm Feb 2, 2012 10:10pm
Quoting stulic
Wouldn't expect major moves during thin Asian session ahead of NFP tonight, shares are pointing down so a retest of 1.0620 TL could be a probable scenario before Europe opens, a break could target 1.0570 again then major TL at 1.0520.
If it concludes as another rejection of 075xx I wonder how far it will go :o IMO no way unless hell freezes over will it drop below parity again, period.

I think 1.043 - 1.042 support will hold, pure speculation though.
  • #39,782
  • Feb 2, 2012 11:08pm Feb 2, 2012 11:08pm
Quoting stulic
Better then expected = risk on - Aussie UP
Worse then expected = USD down - Aussie UP


Now if it would be that easy... but seriously looking at fundamentals, chances are recent up trend will continue regardless of NFP.
good nfp might mean positive usd risk on might mean positive usd long term
  • #39,783
  • Feb 2, 2012 11:15pm Feb 2, 2012 11:15pm
Quoting HotBiscuits
If it concludes as another rejection of 075xx I wonder how far it will go :o IMO no way unless hell freezes over will it drop below parity again, period.

I think 1.043 - 1.042 support will hold, pure speculation though.
Well, anything is possible..when it got to 1.1 last year ..no one expected a move to 0.93..but it was..
  • #39,784
  • Feb 3, 2012 12:40am Feb 3, 2012 12:40am
Quoting HotBiscuits
If it concludes as another rejection of 075xx I wonder how far it will go :o IMO no way unless hell freezes over will it drop below parity again, period.

I think 1.043 - 1.042 support will hold, pure speculation though.


Big call. Have you got a massive long entry order at 1.0000?
  • #39,785
  • Feb 3, 2012 12:46am Feb 3, 2012 12:46am
Quoting nelso
Big call. Have you got a massive long entry order at 1.0000?
Negative, will watch PA before committing to anything.
  • #39,786
  • Feb 3, 2012 1:23am Feb 3, 2012 1:23am
Quoting sidhujag
good nfp might mean positive usd risk on might mean positive usd long term
That's interesting. I wonder if, and at what point, the USD's inverse relationship with risk turns to a more straightforward correlation to U.S. data.
  • #39,787
  • Feb 3, 2012 2:15am Feb 3, 2012 2:15am
Quoting saculer
That's interesting. I wonder if, and at what point, the USD's inverse relationship with risk turns to a more straightforward correlation to U.S. data.
maybe when the yield differential is reduced?
  • #39,788
  • Feb 3, 2012 2:31am Feb 3, 2012 2:31am
Quoting taxe91
maybe when the yield differential is reduced?
Or when they stop printing worthless banknotes?
Don't get mad, get even!
  • #39,789
  • Feb 3, 2012 4:22am Feb 3, 2012 4:22am
sooner or later the pair will fall like a stone
  • #39,790
  • Feb 3, 2012 4:59am Feb 3, 2012 4:59am
Quoting HotBiscuits
If it concludes as another rejection of 075xx I wonder how far it will go :o IMO no way unless hell freezes over will it drop below parity again, period.

I think 1.043 - 1.042 support will hold, pure speculation though.

I'm with you.
Use me as a contrarian indicator
  • #39,791
  • Feb 3, 2012 5:16am Feb 3, 2012 5:16am
About today:

1st: drop to ~635
2nd: BUY!
Use me as a contrarian indicator
  • #39,792
  • Edited 6:19am Feb 3, 2012 6:19am | Edited 6:19am
Quoting aqeelaputra
sooner or later the pair will fall like a stone
Check out the charts for Sept 1 of 2011. It's looking quite similar to where we are now.... on the charts.... of course.

Strap yer boots up tight mates!
It's the simple things in life that have the most powerful meaning.
  • #39,793
  • Feb 3, 2012 6:31am Feb 3, 2012 6:31am
sell
target 1.06!
  • #39,794
  • Feb 3, 2012 6:32am Feb 3, 2012 6:32am
i expect one more high maybe 1.8 or so depending on the nfp news as S&P will also try to make a new high again ....also the stops above 1.75 are likely taken out... after that the huge down cycle has much room to continue > 1.25 and maybe 96 but only if the anticipated dollar rally to 85 comes in

it's long term perspective of cause
  • #39,795
  • Feb 3, 2012 6:32am Feb 3, 2012 6:32am
Old resistance level + H4 divergence looks like weak spot .
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: audusd2.gif Size: 33 KB
  • #39,796
  • Feb 3, 2012 6:46am Feb 3, 2012 6:46am
AU short 1.0717. Daily RSI over bought and a triple top is forming.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: AU Short @ 1.0717.jpg Size: 355 KB
  • #39,797
  • Feb 3, 2012 7:02am Feb 3, 2012 7:02am
I might wait until i see some divergence on the daily/4hr before going short so im on the sidelines for another week. tempted to jump in though
  • #39,798
  • Feb 3, 2012 7:19am Feb 3, 2012 7:19am
Quoting worldfreedom
AU short 1.0717. Daily RSI over bought and a triple top is forming.
1. Why does the Daily chart show SELL trades at 0.99?

2. Who sold you that sh!tload of Indicators?

It takes a lot for me to IGNORE you, but you can try.
  • #39,799
  • Feb 3, 2012 7:22am Feb 3, 2012 7:22am
morning fellas, let's do this
  • #39,800
  • Feb 3, 2012 7:23am Feb 3, 2012 7:23am
Until now around 40 pips on my short 1.0735. It could evaporate (if ascending wedge on 15mn will be on action), but i'm still waiting. I paid already rollover and if not out, i'll repay again until target achieved. It beguin to be funny this trade, even i must have no emotion in trading.
Little luck is forex water. Learn all Trading strategies, then forget them.
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