AUD/USD

o.o edited

I'm thinkin' the 1.012 range when it's all said and done. If it breaks that with conviction, then parity or less.

But what do I know? Just a regular Joe chippin' away at the 'ole PIP BLOCK.

any ausie out there thats notice changes in consumer prices ??

ok ill flip a coin H-Bulls T-Bears.......an its tails

Ignore the Headline Figure .
Markets will focus on the Trimmed Mean & Weighted Mean .
Consensus for all 3 data releases QoQ is + 0.6 %.
YoY consensus for Trimmed & Weighted are +2.4% & +2.3% respectively ,
+2.2% for the Headline .

Resistance now @ three way confluence of 50% Fib Ext...*note 200dma around channel resistance at 1.036

Im straddling the CPI report set to come out at (:30 EST. Anyone in?

YUP......im also interest....speculate the RBA move from CPI

Is there any use in straddling ?

Are you saying that there's more downside to the AUD ? or more upside after the news??

Why do you think there is no use in straddling?

Olu

Yep.

h4 chart hammer.looking for further upside movement

i know there some traders who couldnt wait which way yous go?

Beautiful.

bad news for aud.. looking to short AU and AJ in about half an hour.. might see more big moves overnight.. stochastic has recovered to overbought and on it's way down.

regular bearish divergence

Thank you Universe

I do not think AUD/USD will be going lower. The correction from 1.08xx seems to be an end. Now lets thinks of LONG this pair for the upside soon.

Both AUD/USD and NZD/USD.

Jackana.

rooting for 1.02617

I think it depends on how you look at it. Many people say they are hedging trade, when the trade has gone against them 50--100 pips. All they did was make matters worse. That is not a hedge just because they went the opposite way.
OTOH, let's say you get in a trade that you have been holding for a few days, and you know it is going to continue in your favor. You also know at a certain point it is going to correct, so in order to stay in the previous trade, but to collect some pips on the correction you believe is going to happen, you enter a hedge. That's a true hedge, and that is where the benefit comes in.