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AUD/USD

  • #57,741
  • Apr 10, 2013 8:36am Apr 10, 2013 8:36am
Things might change after (Federal Open Market Committee) meeting.Started at 9am today
I sort of suspect positive news for greenbacks
In trading, you have to be defensive and aggressive at the same time
  • #57,742
  • Apr 10, 2013 9:28am Apr 10, 2013 9:28am
My guess: up to 570-590. Then correction.

Time will tell.
Use me as a contrarian indicator
  • #57,743
  • Apr 10, 2013 7:48pm Apr 10, 2013 7:48pm
Thought I'd drop a quick post on this thread given that I pretty only much trade AUDUSD - 15M, 1H, 4H and Daily.

I've been following a triangle formation on the weekly charts, which was broken through yesterday - caught me out on that one. I'm thinking we may see some correction soon though.

I was going to ask - a lot of my trader mates say that AUDUSD is bad for trading with technicals... any thoughts on this?
  • #57,744
  • Apr 10, 2013 8:37pm Apr 10, 2013 8:37pm
Quoting Ras al Ghul
Thought I'd drop a quick post on this thread given that I pretty only much trade AUDUSD - 15M, 1H, 4H and Daily. I've been following a triangle formation on the weekly charts, which was broken through yesterday - caught me out on that one. I'm thinking we may see some correction soon though. I was going to ask - a lot of my trader mates say that AUDUSD is bad for trading with technicals... any thoughts on this?
Hi Ras, I think A/U is one of the good pairs for trading technicals. It's pretty smooth on hourly and above IMO. I was long from 1.042 and just got stopped out at 1.0530. I'm now short at 1.0525 after the bad figures came out.
Good luck
FF journal: Peaks and Troffs
  • #57,745
  • Apr 10, 2013 9:23pm Apr 10, 2013 9:23pm
Anybody straddle the AUD announcements??? Short aud/usd, short aud/jpy, short aud/nzd, short aud/cad and buy gbp/aud, eur/aud. So far looks good, let's watch the next hours of movement and see if the technicals will take control again or will keep following the negative news.
  • #57,746
  • Apr 11, 2013 1:42am Apr 11, 2013 1:42am
Morning guys

My long from 1.0370 was stopped out at 1.0523. Looks like the negative news coupled with a correction has moved the pair lower. Resistance is 1.0543, so if it takes that out we could see a move to 1.0590. Support is at 1.0501. For now it looks as if the technicals are in more control than the fundamentals.

Good luck to all
  • #57,747
  • Apr 11, 2013 2:41am Apr 11, 2013 2:41am
How this can rise even after weak data?? I am clueless!
  • #57,748
  • Apr 11, 2013 2:42am Apr 11, 2013 2:42am
Quoting namitak007
How this can rise even after weak data?? I am clueless!
It dropped 40 pips on the release. Aussie is a better holding with yield then let's say...the euro
When the facts change I change my mind, what do you do sir
  • #57,749
  • Apr 11, 2013 2:49am Apr 11, 2013 2:49am
Taking out stops above the days highs. Must have been a few of them. It will come down just may take some time. I think it is the worst unemployment result in 3 years, correct me if i am wrong. Might see 10600 the way it is going. I am short and will load up some more if it gets there.
  • #57,750
  • Apr 11, 2013 2:52am Apr 11, 2013 2:52am
4 up days in a row
big move
212 pips

world economy background - weak

central bank liquidity - record highs...

averaging 52pips a day...

i conclude the reason for the move, and the S&P500 move remain the same - immense central bank liquidity in the context of weakening global economies.

surely theres a tipping point...already well over the long term valuation.
  • #57,751
  • Apr 11, 2013 3:54am Apr 11, 2013 3:54am
Took a short a 1.0577, TP 1.0490 SL 1.0620 due to resistance and a possible correction.
  • #57,752
  • Apr 11, 2013 4:00am Apr 11, 2013 4:00am
Bought AUDUSD at 1.0525 closed 50 pips
  • #57,753
  • Apr 11, 2013 6:20am Apr 11, 2013 6:20am
probably hang onto my long trade on this pair. Though it already hit the target
profit, still gonna wait for a reversal or continuation on the long trade.

Danny
  • #57,754
  • Apr 11, 2013 8:14am Apr 11, 2013 8:14am
Despite worse than expected employment number where an instant sell of occurred, the AUD/USD is looking stronger later on in the day.
  • #57,755
  • Apr 11, 2013 11:48pm Apr 11, 2013 11:48pm
can anybody tell me why it's still not dropping? No news from china, NZ, AU and still it's above 1.055!!
  • #57,756
  • Apr 11, 2013 11:59pm Apr 11, 2013 11:59pm
short 553
In trading, you have to be defensive and aggressive at the same time
  • #57,757
  • Apr 12, 2013 2:20am Apr 12, 2013 2:20am
nice 18 pip drop.
In trading, you have to be defensive and aggressive at the same time
  • #57,758
  • Apr 13, 2013 2:15pm Apr 13, 2013 2:15pm
Why do you expect it to drop?

Quoting namitak007
can anybody tell me why it's still not dropping? No news from china, NZ, AU and still it's above 1.055!!
  • #57,759
  • Apr 14, 2013 1:48am Apr 14, 2013 1:48am
Quoting Maso
Why do you expect it to drop?
Because it's already in "sell zone". also Resources companies to weigh on ASX. So Australia's share market is expected to open lower on Monday, dragged down by resources companies following falls in commodity markets on Friday as per the news I heard!

And are you expecting to rise? if yes then how much?
  • #57,760
  • Apr 14, 2013 6:20am Apr 14, 2013 6:20am
1.0493 support level
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