AUD/USD | Page 2189 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

AUD/USD

Similar Threads

EUR/GBP, EUR/USD, GBP/USD, AUD/USD, CAD, NZD, JPY, and more... 15 replies

EUR/USD, AUD/USD, and CAD/USD ready to move up 2 replies

Anyone here trading AUD/USD or USD/AUD tonight regarding AUS Home Loan Report? 1 reply

The AUD/USD 1.00 EUR/AUD 1.60 GBP/AUD 2.00 Thread! 0 replies

AUD Trade Balance and AUD Retail sales 6 replies

Attachments: AUD/USD
Exit Attachments

AUD/USD

  • #43,761
  • May 2, 2012 7:44pm May 2, 2012 7:44pm
It is not moving strongly in any direction really though.

Consider all the new and events for the last week and each night (aus time) I go to sleep and wake up to find it right where it was.

I should be in far greater profit but it seems to buy me in and stop me out or stop me out high.. These tight stops are killing me. only 70 pips up for the week
  • #43,762
  • May 2, 2012 7:52pm May 2, 2012 7:52pm
The key driver of the currency is really global growth in commodity prices as you all know. There are obviously other certain things tht propels this but that is the bigger picture of things.

And I think we're going to see slower global growth, commodity prices come off, so I think the risks are the currency goes down not up this year. Just to back that up the Reserve Bank’s commodity price index also hit its high in August and was down almost 10 percent in March as you all probably know that as well


i do think we we will see parity and i have been stocking up on my shorts

i am a newbie though so this thing could turn and hit 1.09 on me this year who knows haha
  • #43,763
  • May 2, 2012 7:55pm May 2, 2012 7:55pm
Quoting MitchL
Still feels like it is going south to me.

Mind you I just closed my 2 shorts for total 50 pips.
Lost 30 pip's over night with a short at 1.0290 sl @ 1.0320

Looking for a bounce to around 1.0330 to grab another short. Still think we are heading for a 1.01XX
I think fundamentally AUD is weakening, but perhaps due to this 50 rate cut, more bulls will jump on considering that RBA had such a big cut this time would reduce the probability of them cutting a second round and 3.75 is still pretty attractive to me.

But as of now, I see aussie consolidating and ranging in between 1.0290 to 1.0330. But who knows, we have technicals pointing up and fundamentals pointing down.

For swing traders like me, this is not a market I'll like to be in but it looks sort of the paradise for scalpers. I wouldn't set a tp as far as 1.01 considering the aggressive bounces we have had at 1.0250.
  • #43,764
  • May 2, 2012 8:44pm May 2, 2012 8:44pm
I am expecting to see it bounce from the 1.028x from last nights session low. hopefully to around 1.0330 where i will grab another short. I must confess I am long x2 @ 1.0289 with a SL@ 1.0274. I traditionally don't "scalp" both ways when I do. I usually try to just keep it going in the direction i feel the currency is going BUT. Seems like a big chance .. looking for 20 pips to the upside on them both 1.0311 = TP
  • #43,765
  • May 2, 2012 10:07pm May 2, 2012 10:07pm
I am still waiting for the floor to give way and open up all the way to 1.0150 so it will fill my long options. I think that's the max that it will go down to unless China keeps crapping out bad numbers.

Until then, will continue to hold my open long positions targeting a move back to 1.0600 (might close manually around 1.0475)
Buy! Buy! Sell! Sell! Just make sure you have proper MM!
  • #43,766
  • May 2, 2012 10:33pm May 2, 2012 10:33pm
yes strong support zone, if the bottom doesnt break before the weekend, could see a comeback next week

these measurements aint precise, taken from the 1st long that broke out

225-450=225
450-245=205
245-470=225
470-?265?=205
  • #43,767
  • May 2, 2012 11:13pm May 2, 2012 11:13pm
This is the downtrend I have the AUD/USD in lets see if it bounces to the downside again.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD downtrend.jpg Size: 207 KB
  • #43,768
  • May 2, 2012 11:13pm May 2, 2012 11:13pm
http://community.nasdaq.com/News/201...storyid=138202
  • #43,769
  • May 2, 2012 11:38pm May 2, 2012 11:38pm
May i know why now is a strong support zone?

In the morning 730 (gmt+8) news of AUD, cause the AUD to drop ...
  • #43,770
  • May 2, 2012 11:54pm May 2, 2012 11:54pm
Quoting leticus
May i know why now is a strong support zone?

In the morning 730 (gmt+8) news of AUD, cause the AUD to drop ...
look how much times its bounced in this area recently, 250-300
  • #43,771
  • May 3, 2012 12:35am May 3, 2012 12:35am
Quoting Noobicle
look how much times its bounced in this area recently, 250-300
Price has bounced off this area the last few times it reach there. However, following supply and demand principles, I would be wary of bounces after the 2nd / 3rd bounces because possibility of breaking would be higher.
Buy! Buy! Sell! Sell! Just make sure you have proper MM!
  • #43,772
  • May 3, 2012 1:51am May 3, 2012 1:51am
does it have to touch the same number 2 or 3 times?
  • #43,773
  • May 3, 2012 2:52am May 3, 2012 2:52am
Quoting Noobicle
does it have to touch the same number 2 or 3 times?
The more often price tests a line, the more likelihood it will eventually break it.
Watch PA to see what the momentum is like each time price gets near that point.
Cheers, Harry The hardest way to make easy money.
  • #43,774
  • May 3, 2012 4:46am May 3, 2012 4:46am
Quoting HarryJ
The more often price tests a line, the more likelihood it will eventually break it.
Watch PA to see what the momentum is like each time price gets near that point.
what way do u think it might go?
  • #43,775
  • Edited 6:25am May 3, 2012 5:04am | Edited 6:25am
closed shorts, including swap got 508 pips so far 20-0 trades, hit by swap for about 50 minus pips. but 500 not bad for a easy bear week,, see what charts saying in the morn
  • #43,776
  • May 3, 2012 5:28am May 3, 2012 5:28am
Quoting Noobicle
what way do u think it might go?
You learn nothing by using my "best guess".
Better you take a position that uses your data.
Cheers, Harry The hardest way to make easy money.
  • #43,777
  • May 3, 2012 6:49am May 3, 2012 6:49am
Hi all.I dont wright often this pair and i start to trade it not long ago.So far i am blasting it.I hope this was the word for it.Any way plan is to hold sell untill lower suport line and to close half position theare or waiting to see nice close above blue tirquise line on 30m chart.In long term if i have continues sell signals will hold and add untill arround 1.01100.It is weekly chart target.
Buy all and godd trading in this pair
Attached Image(s) (click to enlarge)
Click to Enlarge Name: e1.gif Size: 44 KB
Click to Enlarge Name: e4.gif Size: 46 KB
Click to Enlarge Name: e30.gif Size: 38 KB
  • #43,778
  • May 3, 2012 8:11am May 3, 2012 8:11am
Quoting pippaholic
The key driver of the currency is really global growth in commodity prices as you all know. There are obviously other certain things tht propels this but that is the bigger picture of things.

And I think we're going to see slower global growth, commodity prices come off, so I think the risks are the currency goes down not up this year. Just to back that up the Reserve Bank’s commodity price index also hit its high in August and was down almost 10 percent in March as you all probably know that as well


i do think we we will see parity and...
I agree with your trading strategy, although I am waiting on parity to buy. I am still quite shocked that after that .5% cut, aud didn't go to at least 1.01, my guess is that market are expecting QE3 or they do not expect any increase in us interest rate this year or both.

Well, i believe there will be no QE3 and no increase in interest rate (usd) this year, there will be continuing weakness in Europe and China. Hard commodity prices will go lower .
  • #43,779
  • May 3, 2012 8:43am May 3, 2012 8:43am
The Aussie is testing the 365 Daily MA for the 8th time since late March.
  • #43,780
  • May 3, 2012 9:54am May 3, 2012 9:54am
We're approaching last month's low, tomorrow's RBA statement will be the deal breaker for aussie. A break below will have everyone shorting else we might consolidate before starting a rally up.

No positions until then.
30 traders viewing now