AUD/USD

Or we are just riding the trend...

If you have been riding the trend I can't see how you could get hurt unless you don't use stops. Or the price gos up and you think its a great selling opportunity and then you find out it isn't!

The aud is beating up the eur by around 150p as we speak. while the dollar index climbs the aud/usd goes higher. alot of buyers around know something that we dont know about the data that will come up on monday.

Strong support / consolidation zone

Malix why ur buy postion so low ?? in my chart the lowest only 9161. what is ur spread between bid n ask???

The 2 x buy orders still look good even for the new week market opening as analysis (EMA) shows downward movement.

The sell order also looks good but I'd prefer to shave a bit off that price though and sell at 0.92400 with a TP : 0.92150 and manually adjust the position if needed.

Nice work ...... let's watch it unfold.

Good day people. Some of you might remember the 'Doubling an account in couple of hours experiment' I've done a month ago. If you don't here is the idea: I let other people choose a currency pair or any other financial instrument and I trade it for couple of hours trying to double the account. First experiment part was a success. I am now thinking to make it happen once more. First time the guys have chosen EUR/USD. Now we are choosing a new instrument & if you don't mind, I would like you to help me choosing it this time. Here is a list of currency pairs, but please feel free to add any of your favorite instruments https://www.facebook.com/questions/685384044811698/. The instrument that will have the most votes will be the winner.

Thanks in advance. Will let you know the winner and when this experiment will be in action. As the previous time - I will definitely post the numbers before the trade.

Wish all a nice and relaxing weekend.

P.S. Mine weekend started not so good. Decided not to trade yesterday and to stay outdoors enjoying the nature. Ended up in hospital with stitches in my leg. Damn Friday!

I am trade on Future Single Currencies AU_Sep

no wonder have diff price then the spot >,<
anyway becoz ur price lower it mean the market predict aussie lower in the future, or lower by abit in the near futures ^^

AUD in ranging conditions

No , that's not the reason .
It's because of the interest rate differential between the 2 currencies .

There's no Swap interest earned on a Futures position , instead it trades at a discount to the Spot market .
That discount narrows daily , reaching parity with the Spot price on the day of the Futures Expiry .

The AUD/USD pair initially fell during the early hours of the Thursday session, but turned around and close well above the 0.96 handle. That being the case, this market looks like it’s trying to form a pretty significant base, and that the market wants to go higher. With our earlier analysis, we have suggested that the 0.98 handle and the overcome in order to become bullish. We still feel that way, although we certainly feel at this point in time that the bias is trying to shift to the upside. The real question course will come down to one rate expectations are for the US, and as a result be FMOC meeting will be followed closely next week, and as a result we are sitting on the sidelines unless of course we get that move above the 0.98 handle that was previously mentioned.AUD/USD Technical Analysis– Prices are attempting a recovery as expected. Initial trend lien resistance is at 0.9678, with a break above that eyeing a larger downward-sloping barrier at 0.9911. Near-term support is at 0.9415, the 23.6% Fibonacci expansion, with a push beneath that targeting the 38.2% level at 0.9260.
http://media.dailyfx.com/illustratio..._Picture_9.png
Daily Chart - Created Using FXCM Marketscope 2.0

Time traveler ?

.9210

Consolidation of the downtrend.
Not much in economic stats this week for OZ.
Possible leadership challenge for PM.
End of financial year for some this week so companies need to repatriate profits but i think most have booked those from OZ.

zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz

yes very quiet on the economic front but doesn't change anything. Price action in an bearish consolidation and looking for another leg down. It is very bad in ozzie land....

lol @ edinzeko!
Wickybaba; wow. I really don't understand where you get your figures from... what dates are you looking at & why post this now if you know its old and/or incorrect data?! Actually most of your comments makes zero sense to me at all, so I'm honestly thinking you're more likely to be a Troll than a trader with the proposed ranges you are talking of!? (If anyone would like to clear this up for me then I'm all ears & open to learn something here!)
Let me be "Captain Obvious" for a second... AUD is only headed one significant direction across all majors, but more so against USD. The USD is recovering, the AUD is plummeting...
So, you've decided to go long on AUDUSD? Where you just in a coma or forgot that nearly 4% has been wiped off its value in the past few days? Look at the charts (Bears everywhere, across all chart timings!!!! GRRRrrrrrrr!!), then take a breath, step back & look at the current Government economic policies we have in place here (BAD! IDIOTS RUNNING THE COUNTRY!!! Leadership of said Government currently in serious question even with an election in a few months time, so there is much doubt over future leadership & how the economy will be steered, no indication of anything very positive as yet!) & our simply insane levels of taxation on absolutely everything so spending is awful, yet serious financial debt from squandering our budget surplus since they got into Government, but mostly affecting major developments/ investment projects re mining etc (ie BAD investments for everyone so they simply aren't moving forward), RBA rate cuts mean nothing cos people hold onto the savings to prepare for WORSE conditions ahead then look at our economic data (AWFUL!), our commodity export prices (OUCH!), then look at what also directly, significantly & negatively affects the AUD eg Chinese data etc (BAD CHINESE!!). Seriously, if you can find ANY REASON to go long at the moment, apart from a short squeeze above VERY recently found support lines (ie phase 2 of this verrrry bearish trend...) then I suggest you trade micro or mini lot sizes, keep your stops very very tight & prepare to only grab a handful of pips every few hours when it bounces slightly off support as an intraday trader, you would be very lucky with a squeeze up to .9500 but that would be very very hard work to get there. Also, what is this "WE" analysis in your comment...that's concerning that there's a number of you with the same bizarre opinion. I've been only trading for this year...but already I'm constantly AMAZED by the sentiments/comments of some on these similar pair forums reading the exact same charts as I'm seeing, truly disappointed a lot of the time as I've been looking for people that really understand the big picture not JUST looking at what a chart says (and reading them wrong!), speculating on what they believe MIGHT HAPPEN & making out like you're some sort of analyst with any credibility!? Show me the chart that shows the bounce change of trend with confirmation & all other aspects looking bullish & you'll have my attention. For now, apologies but you sound ridiculous. I am concerned that members like this have their trading days numbered. Good luck, though you may be better off withdrawing your trading account & going to the casino...or at least look for another pair to go & actually study, switch to demo for your own sake. I only speak out like this because there are people like me that are new to trading that will make BIG MISTAKES if they listen to people like you. I'm just really glad I'm not one of those people.

[SYDNEY June 24, 2013 0330GMT] AUD/USD opened on Monday at 0.9210 and has traded a moderate 0.9190-0.9252 range so far; last at 0.9205. The pair dipped in opening trades to 0.9190 as players searched for stops in EUR/USD below the Friday close. That move quickly exhausted itself and as Japan got underway, AUD/USD recovered as USD/JPY pushed higher with the focus returning to the soaring US Treasury yields. AUD/JPY as a consequence got to 91.05 and AUD/USD to 0.9252 before layered sellers above 0.9260 in AUD/USD prompted short term players to cash in their chips. Once Asia got up and running AUD/USD started to come lower picking up speed on the downside in line with the slide in the fall in the Shanghai Composite which was 3.0% down at one stage. Nothing has changed in AUD/USD over the past few weeks with rallies purely selling opportunities. All the technical indicators point lower with AUD's moniker as the key China proxy trade now only adding to its negative market sentiment. Those looking for support in the low 90's to hold will likely be disappointed with players now reporting that have little in the way of buying interest until 87/88 cents.
IFR

umm so there is no chance in comming wek of uptrend of aud usd ?

THANK YOU Max, someone finally making sense here lmao.

Doubt it