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AUD/USD

  • #46,141
  • Jun 4, 2012 8:23am Jun 4, 2012 8:23am
Nice little breakout trade.
Attached Image (click to enlarge)
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  • #46,142
  • Jun 4, 2012 8:27am Jun 4, 2012 8:27am
Finally aud dropped from 1.08 to 0.97 just in a few months.

Any good reads on AUD ? I can't find any good reason to support a strong aud anymore....
1) commodity boom's end
2) weakening economies in China and Europe
3) Most scary is Greece exiting the EURO, it will create a Lehman like situation. Credit markets will definitely freeze. Banks holding Greek debt will be downgraded, bank runs, riots are likely. A domino effect may happen with the rest of the PIIGS

1) not a super chance of QE3 , but US wont raise rates for a while
2) Indonesia quotaed coal exports limiting coal supply
3) Gold still high cause of all this uncertainty
  • #46,143
  • Jun 4, 2012 8:39am Jun 4, 2012 8:39am
Quoting rnegoro
Finally aud dropped from 1.08 to 0.97 just in a few months.

Any good reads on AUD ? I can't find any good reason to support a strong aud anymore....
1) commodity boom's end
2) weakening economies in China and Europe
3) Most scary is Greece exiting the EURO, it will create a Lehman like situation. Credit markets will definitely freeze. Banks holding Greek debt will be downgraded, bank runs, riots are likely. A domino effect may happen with the rest of the PIIGS

1) not a super chance of QE3 , but US wont raise rates for a while
2) Indonesia quotaed...
4) AUD interest rate above other currencies

And 4), though RBA downgraded a bit, is still a major...
Use me as a contrarian indicator
  • #46,144
  • Jun 4, 2012 8:46am Jun 4, 2012 8:46am
brain dead monkeys have been buying this up whether through profit taking or hard buying. maybe some intelligent sapiens will come in and take this where she belongs.
  • #46,145
  • Jun 4, 2012 8:46am Jun 4, 2012 8:46am
Aussie moved up as with euro no movement on DAX is this move based on golds recent move combined with not so good NFP.
Over thinking over analyzing separates the body from the mind.
  • #46,146
  • Jun 4, 2012 9:02am Jun 4, 2012 9:02am
Quoting Silencer
well done. awsome trading
Thank you!
It was a tough trade.
daddybearforex. com
  • #46,147
  • Jun 4, 2012 9:06am Jun 4, 2012 9:06am
Market fear is taking over as people look to gold as a safe haven (Aussie rise), and the demand for oil decreases (Loonie falls). Couple that with the negative news in the US (strong Canada ties) and probable stimulus measures in China, and I could see this pair going much, much higher.
Will see if it's able to push past more key levels. Looks like a strong buy on pullbacks (imo).
Attached Image (click to enlarge)
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  • #46,148
  • Jun 4, 2012 9:09am Jun 4, 2012 9:09am
Quoting fx-rocket
What was that? Can you make that print any bigger?
-I cant find my reading glasses...
Sorry, I did not pay attention to the letter size when I was focusing on my trading. I don't have reading glass. How about a magnifier?
daddybearforex. com
  • #46,149
  • Jun 4, 2012 9:10am Jun 4, 2012 9:10am
strange looking aud/usd chart
In the days of old when sailors were bold, and seldom if ever contented.
  • #46,150
  • Jun 4, 2012 9:11am Jun 4, 2012 9:11am
Quoting pt49
strange looking aud/usd chart
What time frame you looking at?
  • #46,151
  • Jun 4, 2012 9:16am Jun 4, 2012 9:16am
Quoting jayjb
brain dead monkeys have been buying this up whether through profit taking or hard buying. maybe some intelligent sapiens will come in and take this where she belongs.
And where does she belong?
Use me as a contrarian indicator
  • #46,152
  • Jun 4, 2012 9:22am Jun 4, 2012 9:22am
Quoting Daytrader74
What time frame you looking at?
its ok, my mistake, Hookem posted a bloody aud/cad chart here
In the days of old when sailors were bold, and seldom if ever contented.
  • #46,153
  • Jun 4, 2012 9:22am Jun 4, 2012 9:22am
Quoting mrbandwidth
And where does she belong?
Down the gutter
  • #46,154
  • Jun 4, 2012 9:39am Jun 4, 2012 9:39am
Closed my trade +20.
USD looks like it's strengthening against all pairs.
  • #46,155
  • Jun 4, 2012 9:43am Jun 4, 2012 9:43am
0.9725 is major level....tough 4 Hr support/resistance and also weekly central pivot...Todays close above that and if RBA keeps rates unchanged...it might go to 9870.......If RBA reduces rates by 25 bps...then revisit of 9580 likely...also weekly S1 at 9550 which is also a 50% level on weekly chart from 0.8 to 1.1
  • #46,156
  • Jun 4, 2012 10:09am Jun 4, 2012 10:09am
Short 0.97200 sl 0.97530 tp open
  • #46,157
  • Jun 4, 2012 1:46pm Jun 4, 2012 1:46pm
(o)_- t r e nn - da
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  • #46,158
  • Jun 4, 2012 1:51pm Jun 4, 2012 1:51pm
Alright, I'll just come right out and say it, because for some bizarro reason no one else will. Expect QE3.
  • #46,159
  • Edited 3:48pm Jun 4, 2012 3:23pm | Edited 3:48pm
(o)_- watching for a continuation or resistance an the completed h&s
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  • #46,160
  • Jun 4, 2012 4:47pm Jun 4, 2012 4:47pm
Still short, waiting for 23.6% Fibio
Attached Image (click to enlarge)
Click to Enlarge Name: aud.gif Size: 27 KB
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