AUD/USD

I thought i'm done for today.. but one more trade please

Another 2 lots pending short @1.0000000

Hmm, think up movement is exausted for now and it wont reach 1.0

I believe Aussie is going down from this point. IMHO.

here is what i see on h4.. kiwi is leading i think..

Important question: Any of you are going to leave trades open across this weekend?

Me: noooooooo...

FX Markets Bracing For Major Event

Still repeating yesterday. Will push for parity and then drop most probably although anything can happen. Hell will break lose either way when parity is broken or not.

My strategy: Trade ONLY when there is a signal given.

closed.. compression on m15 make me nervous.

Well, wrong...

already 30 minutes above parity...is this gonna last??

I vote yes.

On the Daily chart, the MACD still reads strong direction upwards and crossing into positive territory with solid positive slope. This is just to name a few probability boosting signs on the technical side.

Combined with....

Central banks standing at the ready to ease economies in the event of a disastrous Greek default and exit. From a carry trade standpoint (from central bank rate differentials), the AUD and the NZD are the top two in terms of return (of the majors). Also, the fact that the AUD is commodity based economy leveraged to the Chinese growth story (has plenty of room to stimulate growth) so a lot of downside cushion there. All this with the backdrop of investor hunger for best yield for liquidity alternatives. AUD is a win in my opinion. I can go on and on.

Been long since .9700 and since then I've seen no material changes to the fundamentals that (to me) would impact exchange rate determination for the negative on the Aussie Dollar.

Even in a favorable scenario if the Euro avoids any default, risk sentiment recovers pushing beta currencies up. Guess what....thats good for the AUD (the more attractive of the Beta's) too.

two hours above parity and counting

Looks like the party is over.

We'll see.

Party isn't over until the fat lady sings

I'm betting that the outcome of the elections are as follows:

1. SYRIZA finishes first AND / OR
2. Results are inconclusive

We will open on Monday with a big gap down due to the UNCERTAINTY.

Will put a stop loss on my short positions (I have AAAFx as my broker - and the agreement is that they will honour all Stop losses (even in market opens much higher than the stop loss).

If my intuition is right, I will be rolling in Green next Monday, if I'm wrong, I will have cut short my losses.

We'll see. Not going to add any additional trades today.

As long as there isn't a 150 pip correction I'm still in play.

Hey anyone have a some sentiment on thew Ozzy? Looks like it tried to break out but not happening? Im shorting it based on weakness and that this is a major level right now.

Dutch banks just got downgraded by Moody's.. might have led to the 20 pips southward move in the past 30 mins.

It was the fourth time it touches the key level and now it is below $1 again... looks very bearish to me. The high from yesterday has also bounced at the 50EMA on the daily. Do you think it is a good time to short?

Just waiting for a confirmation and I am in for the ride.