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AUD/USD

  • #61,781
  • Aug 6, 2013 6:39pm Aug 6, 2013 6:39pm
Quoting bogus
{quote} I've just gone long.
I actually agree with the daily. Still would like a close above .9 tho

The 50 EMA is chillin' at .9016, may provide resistance.
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-08-06-TOS_CHARTS.png Size: 100 KB
When the facts change I change my mind, what do you do sir
  • #61,782
  • Aug 6, 2013 6:41pm Aug 6, 2013 6:41pm
Quoting Pip Anon
{quote} I actually agree with the daily. Still would like a close above .9 tho

Hey mate. My stop is at .8975
I think it might surge through .90
A small risk.
FF journal: Peaks and Troffs
  • #61,783
  • Aug 6, 2013 6:43pm Aug 6, 2013 6:43pm
struggling to break .90
  • #61,784
  • Aug 6, 2013 6:45pm Aug 6, 2013 6:45pm
Quoting bogus
{quote} Hey mate. My stop is at .8975 I think it might surge through .90 A small risk.
As long as you define your risk, you should give it a go. I may wait a smige longer
When the facts change I change my mind, what do you do sir
  • #61,785
  • Aug 6, 2013 6:50pm Aug 6, 2013 6:50pm
Quoting bskwak1124
Yeap, looks bullish. Might goes up to 0.91
If it can break 0.9055, it may goes up to 0.9138, that would be a relative stronger resistance before the super strong resistance which is around 0.93 (And that should be the end of the correction, if this is the correction).
  • #61,786
  • Aug 6, 2013 6:50pm Aug 6, 2013 6:50pm
it will try to break one more time, 9010 is the target...if not break we may see a drop to 8900...but expecting go higher first...
  • #61,787
  • Aug 6, 2013 6:52pm Aug 6, 2013 6:52pm
Quoting Pip Anon
{quote} As long as you define your risk, you should give it a go. I may wait a smige longer

half a %
FF journal: Peaks and Troffs
  • #61,788
  • Aug 6, 2013 6:56pm Aug 6, 2013 6:56pm
Quoting xandi
it will try to break one more time, 9010 is the target...if not break we may see a drop to 8900...but expecting go higher first...
not sure about you but i see lower high... retest of low instead ?
  • #61,789
  • Aug 6, 2013 6:57pm Aug 6, 2013 6:57pm
We still have data tonight could either be the barrier or propellent
When the facts change I change my mind, what do you do sir
  • #61,790
  • Aug 6, 2013 6:59pm Aug 6, 2013 6:59pm
Quoting HelloOz
{quote} not sure about you but i see lower high... retest of low instead ?
why not this? daily tf
Attached Image
  • #61,791
  • Aug 6, 2013 7:02pm Aug 6, 2013 7:02pm
Daily chart is above TL.. temporary is bullish.. buy dip.. just my opinion..
  • #61,792
  • Aug 6, 2013 7:08pm Aug 6, 2013 7:08pm
Quoting bogus
{quote} Hey mate. My stop is at .8975 I think it might surge through .90 A small risk.
Tapped out? Confirmation
When the facts change I change my mind, what do you do sir
  • #61,793
  • Aug 6, 2013 7:12pm Aug 6, 2013 7:12pm
Quoting Pip Anon
{quote} Tapped out? Confirmation
Just now.
FF journal: Peaks and Troffs
  • #61,794
  • Aug 6, 2013 7:15pm Aug 6, 2013 7:15pm
There will be no news for the next couple of weeks, i believe tmr china data will set the trend
Logics do not apply in FOREX
  • #61,795
  • Aug 6, 2013 7:26pm Aug 6, 2013 7:26pm
Quoting xandi
it will try to break one more time, 9010 is the target...if not break we may see a drop to 8900...but expecting go higher first...
I agree with this.

AUD unemployment tomorrow night should make things interesting.
  • #61,796
  • Aug 6, 2013 7:36pm Aug 6, 2013 7:36pm
IMO. This pair isn't breaching .9000 tonight.
The coincidental success is more dangerous than the expected failure
  • #61,797
  • Aug 6, 2013 7:37pm Aug 6, 2013 7:37pm
Quoting bskwak1124
There will be no news for the next couple of weeks, i believe tmr china data will set the trend
I would have thought that the dominate factor that has already set the trend is will US taper or not? Relatively high AUD has been hurting the Aussie economy for a while but it was pretty robust to start with and isn't going to implode anytime soon so QE has been and will continue to be the dominate driving force. RBA probably the next largest influence. China news, unemployment etc can influence what RBA likely to do.

From technical point of view the 15m & 1h charts both look to me as if triple top around .90 is in place short term. 89.50c might provide some support for bulls but don't expect major moves until data in approx 25hrs time.
Hope for the best, prepare for the worst.
  • #61,798
  • Aug 6, 2013 7:38pm Aug 6, 2013 7:38pm
AU needs to remain above 0.8963 otherwise bull will in trouble.
  • #61,799
  • Aug 6, 2013 7:41pm Aug 6, 2013 7:41pm
Quoting Yuchen
AU needs to remain above 0.8963 otherwise bull will in trouble.
You were right on the move after the rate cut. Cheers mate
Logics do not apply in FOREX
  • #61,800
  • Aug 6, 2013 7:48pm Aug 6, 2013 7:48pm
Quoting dab
{quote} I would have thought that the dominate factor that has already set the trend is will US taper or not? Relatively high AUD has been hurting the Aussie economy for a while but it was pretty robust to start with and isn't going to implode anytime soon so QE has been and will continue to be the dominate driving force. RBA probably the next largest influence. China news, unemployment etc can influence what RBA likely to do. From technical point of view the 15m & 1h charts both look to me as if triple top around .90 is in place short term. 89.50c...
This is correct. The focus is on USD taper talk from now on.

RBA will leave the rate alone for at least 3 months.
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