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AUD/USD

  • #42,981
  • Apr 12, 2012 4:37pm Apr 12, 2012 4:37pm
definately today we will go down. You can open positions now and close after american session
  • #42,982
  • Apr 12, 2012 4:53pm Apr 12, 2012 4:53pm
Quoting FxOracle
definately today we will go down. You can open positions now and close after american session
Do you think? the current resistance has held for the last 8 hours, normally, when price hits resistance if it is not going to hold it quickly bounces off of and a retrace of price begins.

Instead we are seeing price consolidate at the resistance which is a sign of another leg to follow, the current trend is up.

Granted if the China GDP numbers greatly disappointed we will see a sell off in the AUD. No way to know that, without an oracle.
  • #42,983
  • Apr 12, 2012 5:11pm Apr 12, 2012 5:11pm
Nice debate. Good info from both bulls and bears. Will be interesting to see which way she blows. I'm stalking this pair and although I'm more bearish I will not enter until it comes out to play.
  • #42,984
  • Apr 12, 2012 5:15pm Apr 12, 2012 5:15pm
Quoting FxOracle
definately today we will go down. You can open positions now and close after american session
where we heading to boss?
  • #42,985
  • Apr 12, 2012 5:33pm Apr 12, 2012 5:33pm
Quoting prive
Do you think? the current resistance has held for the last 8 hours, normally, when price hits resistance if it is not going to hold it quickly bounces off of and a retrace of price begins.

Instead we are seeing price consolidate at the resistance which is a sign of another leg to follow, the current trend is up.

Granted if the China GDP numbers greatly disappointed we will see a sell off in the AUD. No way to know that, without an oracle.
imho, first retracement to at least 1.0376, even after good news from China they could make fake bearish breakout to that level
  • #42,986
  • Apr 12, 2012 5:45pm Apr 12, 2012 5:45pm
Next few hours China GDP will be released..might stop the bull for a while..even all said it'll be down to 8.4 from 8.7 ,we never know what will come out ..
  • #42,987
  • Apr 12, 2012 5:51pm Apr 12, 2012 5:51pm
I'm thinking of going short 5 lots @1.0440
  • #42,988
  • Apr 12, 2012 6:14pm Apr 12, 2012 6:14pm
Quoting Daytrader74
I'm thinking of going short 5 lots @1.0440

nope
Use me as a contrarian indicator
  • #42,989
  • Apr 12, 2012 6:17pm Apr 12, 2012 6:17pm
Quoting mrbandwidth
nope
And why not? This is my plan short @1.0440 TP @1.0400 SL @1.0455
  • #42,990
  • Apr 12, 2012 6:27pm Apr 12, 2012 6:27pm
Quoting Daytrader74
And why not? This is my plan short @1.0440 TP @1.0400 SL @1.0455
Because my ACME crystall ball says 500+... (But read my sig )
Use me as a contrarian indicator
  • #42,991
  • Apr 12, 2012 6:33pm Apr 12, 2012 6:33pm
i fliped a coin, heads-bulls, tails-bears....it was heads...
  • #42,992
  • Apr 12, 2012 6:44pm Apr 12, 2012 6:44pm
Seems this will have effect on investor sentiment
  • #42,993
  • Apr 12, 2012 6:49pm Apr 12, 2012 6:49pm
Quoting ForeXraider
Seems this will have effect on investor sentiment
You think this launch could put a rocket up investor's backside?
  • #42,994
  • Apr 12, 2012 6:51pm Apr 12, 2012 6:51pm
Quoting havaiana
Looks like there's been alot of buying going on under 300, longer term charts could turn bullish from here.

Everyone had built in rate cut, could be some decent shortcovering after results of jobs data. If there is no decent retracement in EUR/US session tonight and Chinese data is better than expected we be going up a fair way, to smoke out most of the shorts up until around 670
Playing out so far, big day yesterday

Don't expect much movement before chinese data. Rumour is a good number.

If chinese data is not better than expected and initial spike down doesn't hold below 365, I will consider this bullish and will be looking for longs. If data is good i'll wait and see if it hold above 450-465, no decent retracement after a spike up means we're going to 670 (with the exception of any big surprises in EU).

Any other scenario i am square

I'm also interested to see the effect the touted North Korean launch will have on the AUD if it goes ahead
  • #42,995
  • Apr 12, 2012 6:57pm Apr 12, 2012 6:57pm
wow i hadn't seen this yet

North Korea lanches rocket - from forexlive

"No effect on the Yen at the moment, still trading quietly near 80.90. This might normally be seen as a negative for the AUD as well but so far the market is ignoring it."

"Initial reports suggest that the North Korean rocket launch has not been particularly successful. The South Korean President will hold an emergency meeting within the next hour. The JPY and AUD remain unmoved but the KRW is likely to weaken on the open after closing in NY near 1135."

EDIT: more info...
"Reuters reported the South Korean Defence Ministry had confirmed the rocket broke up and crashed into the sea in the first minutes of the test flight."

http://www.theage.com.au/world/north...#ixzz1rsEkkPBi
  • #42,996
  • Apr 12, 2012 7:01pm Apr 12, 2012 7:01pm
How embarrassing for poor Kim. Someone's in trouble...
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  • #42,997
  • Apr 12, 2012 8:02pm Apr 12, 2012 8:02pm
Alot of china data soon. This month so far china has come out better then expected. Any confident bears out there?
  • #42,998
  • Apr 12, 2012 9:08pm Apr 12, 2012 9:08pm
Quoting Noobicle
Alot of china data soon. This month so far china has come out better then expected. Any confident bears out there?
I guess there'll be a bear or two out there.... China news not so good.
It's the simple things in life that have the most powerful meaning.
  • #42,999
  • Apr 12, 2012 9:09pm Apr 12, 2012 9:09pm
Quoting havaiana
Playing out so far, big day yesterday

Don't expect much movement before chinese data. Rumour is a good number.

If chinese data is not better than expected and initial spike down doesn't hold below 365, I will consider this bullish and will be looking for longs. If data is good i'll wait and see if it hold above 450-465, no decent retracement after a spike up means we're going to 670 (with the exception of any big surprises in EU).
40 pip reaction to downside on worse than expected data when rumour was for strong data looks bullish to me. Waiting to see some signs of buyers coming back in before going long

edit: i want it back up above 400 if it keeps drifting towards 365 will stay out
  • #43,000
  • Apr 12, 2012 9:11pm Apr 12, 2012 9:11pm
down we go...
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