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  • #29,181
  • Mar 25, 2013 11:25pm Mar 25, 2013 11:25pm
Quoting HelloOz
50-50 i say..
either breakout to upside or downside..
i hope its downside..

http://fx1.it-finance.com/FXStreetFl...0148209257.png
Ya. Maybe AU will go to ~1.042...
  • #29,182
  • Mar 25, 2013 11:33pm Mar 25, 2013 11:33pm
I hope she will break downside first before going up so I have the chance to buy and ride her to the top of the world lol...

I don't have any open position right now, but I want to buy Aussie at around 1.0385 or 1.0415, anyone has good advise about Aussie?
  • #29,183
  • Mar 25, 2013 11:39pm Mar 25, 2013 11:39pm
AUDUSD

Today is swinging between 1.04856 and 1.04250
AUD NEWS is about 10 Min. but regardless the news i believe open sell position around Resistance Level i mentioned above
Don’t follow someone else’s trading advice blindly
  • #29,184
  • Mar 25, 2013 11:48pm Mar 25, 2013 11:48pm
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD Channel.jpg Size: 87 KB
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  • #29,185
  • Mar 26, 2013 12:01am Mar 26, 2013 12:01am
Sell area is mentioned in the Chart
Attached Image
Don’t follow someone else’s trading advice blindly
  • #29,186
  • Mar 26, 2013 12:13am Mar 26, 2013 12:13am

http://fx1.it-finance.com/FXStreetFl...b8baf61f28.png

Quoting HelloOz
50-50 i say..
either breakout to upside or downside..
i hope its downside..
  • #29,187
  • Mar 26, 2013 1:36am Mar 26, 2013 1:36am
Another quiet day for Aussie until NY open ? haha
  • #29,188
  • Mar 26, 2013 2:20am Mar 26, 2013 2:20am
http://fx1.it-finance.com/FXStreetFl...c70f5086ed.png
  • #29,189
  • Mar 26, 2013 3:16am Mar 26, 2013 3:16am
Today is AU break up day again. So far PA show bull status.
  • #29,190
  • Mar 26, 2013 3:25am Mar 26, 2013 3:25am
Quoting kamifx
Sell area is mentioned in the Chart
It gets to area i said but too soon to open sell position ( just scalping be acceptable)
Don’t follow someone else’s trading advice blindly
  • #29,191
  • Mar 26, 2013 3:27am Mar 26, 2013 3:27am
It gets to area i said but too soon to open sell position ( just scalping be acceptable)
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD.JPG Size: 41 KB
Don’t follow someone else’s trading advice blindly
  • #29,192
  • Mar 26, 2013 6:24am Mar 26, 2013 6:24am
Check out http://www.smh.com.au/business/nine-reasons-for-further-cuts-in-rates-20130324-2gnww.html

Surprise rate cut coming in April? The RBA has a habit of springing surprises. They know that the high Aussie currency is not based on fundamentals and is strangling the economy ...
  • #29,193
  • Mar 26, 2013 6:39am Mar 26, 2013 6:39am
1.048 is quite a resistance..
  • #29,194
  • Mar 26, 2013 6:50am Mar 26, 2013 6:50am
Quoting HelloOz
1.048 is quite a resistance..
I expect it to fall soon...........
Attached Image (click to enlarge)
Click to Enlarge Name: 3_26_2013 aud.JPG Size: 294 KB
The More You Learn, The More You Earn.....
  • #29,195
  • Mar 26, 2013 7:14am Mar 26, 2013 7:14am
it seems to be having a lot of trouble getting through that level( 1.048)
Quoting HelloOz
1.048 is quite a resistance..
  • #29,196
  • Mar 26, 2013 7:15am Mar 26, 2013 7:15am
Quoting arcticwolf
it seems to be having a lot of trouble getting through that level( 1.048)
Even EJ cannot close above 121.5
what is going on..
  • #29,197
  • Mar 26, 2013 7:17am Mar 26, 2013 7:17am
There are no real fundamentals holding it up and it has overshot. When currencies fall, it is usually faster than when they rise.
Quoting forexalien
I expect it to fall soon...........
  • #29,198
  • Mar 26, 2013 7:23am Mar 26, 2013 7:23am
Quoting surfer1
There are no real fundamentals holding it up and it has overshot. When currencies fall, it is usually faster than when they rise.
As much as aud is rising now, when it falls, it will fall even harder than euro.
The only question is, when?

I suspect that it will end this month on a positive note - next month though could be a very different story.
  • #29,199
  • Mar 26, 2013 7:45am Mar 26, 2013 7:45am
This move appears to mirror the GU last month.
  • #29,200
  • Mar 26, 2013 8:02am Mar 26, 2013 8:02am
perhaps the climbing would end...1.0486 might be the resistance, if broken maybe it will fly high or just a false break...hmmmm...quite tricky this week...
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