Attachments: AUD/USD

AUD/USD

#42,421
Mar 29, 2012 3:01am Mar 29, 2012 3:01am

Noobicle
| Joined Mar 2012 | Status: no comment | 518 Posts

any bulls out there?

#42,422
Mar 29, 2012 3:04am Mar 29, 2012 3:04am

Leunammj
| Commercial User | Joined Jan 2012 | 171 Posts

If AUD break above 1.0420, it may rally back to 1.5540. If it dropped below 1.0335, it will reach 1.0250.

I am bullish for AUD.

#42,423
Mar 29, 2012 3:14am Mar 29, 2012 3:14am

Iceage
| Joined May 2007 | Status: Trader | 95 Posts

AU target is parity in one to two months

#42,424
Mar 29, 2012 4:56am Mar 29, 2012 4:56am

Noobicle
| Joined Mar 2012 | Status: no comment | 518 Posts

last trade for the week-long @ 1.0335 SL 1.0290 might hold over the weekend

#42,425
Mar 29, 2012 5:02am Mar 29, 2012 5:02am

Jackana
| Commercial User | Joined Feb 2012 | 120 Posts

Quoting Noobicle

Disliked

last trade for the week-long @ 1.0335 SL 1.0290 might hold over the weekend

Ignored

what reason let you feel bullish on AUD. And what is your target. Thanks.

Trade your plan.

#42,426
Mar 29, 2012 5:12am Mar 29, 2012 5:12am

Jackana
| Commercial User | Joined Feb 2012 | 120 Posts

I feel bullish AUD/USD too, but no reason to buy it.

Trade your plan.

#42,427
Mar 29, 2012 5:12am Mar 29, 2012 5:12am

Noobicle
| Joined Mar 2012 | Status: no comment | 518 Posts

Quoting Jackana

Disliked

what reason let you feel bullish on AUD. And what is your target. Thanks.

Ignored

On a previous page look at my chart. If 1.0320 is taken out i may have to widen my SL an play catch-up. Will add another long if that happens. I think we dont have too far to the bottom and i cant be up all night, tired

#42,428
Mar 29, 2012 5:20am Mar 29, 2012 5:20am

Jackana
| Commercial User | Joined Feb 2012 | 120 Posts

anyone who can say that there are some FA's reason to support AUD this time. Thanks.

Trade your plan.

#42,429
Mar 29, 2012 5:22am Mar 29, 2012 5:22am

pinkiaiii
| Joined Dec 2010 | Status: monkey keyboard warrior | 875 Posts

Quoting Jackana

Disliked

anyone who can say that there are some FA's reason to support AUD this time. Thanks.

Ignored

theres no more news this week from aud so what sort of fundamental analysis do you want

#42,430
Mar 29, 2012 5:26am Mar 29, 2012 5:26am

Jackana
| Commercial User | Joined Feb 2012 | 120 Posts

Quoting pinkiaiii

Disliked

theres no more news this week from aud so what sort of fundamental analysis do you want ??

Ignored

- China economy's slowdown
- RBA is ready to cut rate
- USD itself go tronger
- World stocks may be in correction period
- Oil and Gold are going lower

Trade your plan.

#42,431
Mar 29, 2012 5:37am Mar 29, 2012 5:37am

pinkiaiii
| Joined Dec 2010 | Status: monkey keyboard warrior | 875 Posts

Quoting Jackana

Disliked

- China economy's slowdown
- RBA is ready to cut rate
- USD itself go tronger
- World stocks may be in correction period
- Oil and Gold are going lower

Ignored

well i was saying the same thing two months ago,but every clown here were waiting for 1.010 and higher.but realistically it fell already 500pips since last top,so might expect another 100-200pips before another bounce,plus dont think rba gonna bother downgrading aud as it is doing itself without any help,and they gonna keep that option for future,just my 2 cents.

#42,432
Mar 29, 2012 6:01am Mar 29, 2012 6:01am

rafiqhidayat
| Joined Oct 2011 | Status: Trader | 366 Posts

I really think it's only efficient / effective to short AUD pairs intraday due to the excessive swap.

I've been on the other side, (USD 300+ in negative swaps) and because of that, I don't think I will ever short AUD pairs again (unless I know I can flip it within a day).

I will continue to build long positions (and probably hold it as long as I'm within my MM limit) and keep earning positive swap on a daily basis until the positions reach TP.

Buy! Buy! Sell! Sell! Just make sure you have proper MM!

#42,433
Mar 29, 2012 6:10am Mar 29, 2012 6:10am

pinkiaiii
| Joined Dec 2010 | Status: monkey keyboard warrior | 875 Posts

Quoting rafiqhidayat

Disliked

I really think it's only efficient / effective to short AUD pairs intraday due to the excessive swap.

I've been on the other side, (USD 300+ in negative swaps) and because of that, I don't think I will ever short AUD pairs again (unless I know I can flip it within a day).

I will continue to build long positions (and probably hold it as long as I'm within my MM limit) and keep earning positive swap on a daily basis until the positions reach TP.

Ignored

now thats a good thinking,just dont start building big positions early

#42,434
Mar 29, 2012 6:33am Mar 29, 2012 6:33am

Balmain Boy
| Joined Jan 2012 | Status: Trader | 254 Posts

Quoting Noobicle

Disliked

hmmmmmmmm...

where do u get these chinese reports?

Ignored

Chinese PMI to be released at 12.30.pm , Sunday 1st April (Sydney time) .

Wouldn't be suprised to see AUD/USD open possibily as much 40 pips away from Sat AM close
on Monday morning , even if the print is only slightly out of line with market consensus .

#42,435
Mar 29, 2012 7:56am Mar 29, 2012 7:56am

absconditus
| Joined Mar 2012 | Status: Trader | 17 Posts

Hello,

I have no experience to speak of but please bear with me. The AUD is close to breaking the mid-January support line, news from the US all point to a rising dollar and still the AUD is going up. In fact, it started going up today after the news releases from the US. What am I missing?
I've shorted the AUD at 1.03424 (12:25 GMT).

Attached Image (click to enlarge)

Click to Enlarge

Name: test.gif
Size: 17 KB

#42,436
Mar 29, 2012 9:00am Mar 29, 2012 9:00am

andri66
| Joined Jul 2011 | Status: Trader | 350 Posts

Quoting Noobicle

Disliked

On a previous page look at my chart. If 1.0320 is taken out i may have to widen my SL an play catch-up. Will add another long if that happens. I think we dont have too far to the bottom and i cant be up all night, tired

Ignored

I think bottom will be clear after rba rate next tuesday..then a good place to start long will be seen..who knows if they're goin' to cut 50 bp..