AUD/USD

There are enough wars already in this world, we don't need them here too.

Why can't we all just get along?

We're fighting the same Forex battle, to gain pips no matter which way, as long as it works.

if we have a 4 hour close above .92 we could be talking about a bullish Aussie go figure

Anyone still "longing" AUD/USD - in this NY afternoon session?

Thought about it. But then I think I'm gonna wait and see how this 92 level is decided, could still drop down from here back to 914 area pretty easily.

Already closed it.
I think if it breaks 0.92, may go to 0.93.
Better to wait on Monday, play it safe..

@9202 forex is wonderful

AUS_Sep If you Read my old post when i placed my long and few ppl said are u ok ?? AUS will touch 87xx N 82xx area
But i placed my long and now all long are close with greeeeeeeeen pips and its to place short
u guys enjoy ur trade best of luck

I didn't say that

Just curious. Anyone care to offer their own explanation as to why the AUD/USD ramped up so? Just curious to see what explanations are out there and different perspectives.

Fair enough. There does seem to be some gusto behind this bull. So, wouldn't be surprised to see a bounce all the way back to 9250-ish. In this thin market price is very erratic. I think around sept, when u.s. summer ends, there'll be more sustained movement in markets. i believe that supertrends sometimes begin around this time (as well as march area).

No one should rule out a possible move backwards

It's the USD weakness rather than AUD Strength. If you notice, USD/CAD went up after poor CAD data in the morning (8:30) but have retraced all that gain and fell further down. So it's just USD weakness propelled the AUD/USD upwards today.

yet the EUR, GBP are down vs the USD?

perhaps it has nothing to do with the USD and more people wanting AUD and CAD's

Europe had some very weak French and Italian data this morning that weighs on the Euro all day... Including against the USD.
- French Indu Prod -1.4% vs +0.3% expected and the last data revised down
- Italy Trade Balance 3.62 vs 4.22 expected
Euro is down across the board against JPY, USD, CHF, NOK, AUD, and GBP.

GBP rallied substantially 2 nights ago so today's profit taking is expected but I agree this one is slightly an anomaly.

AUD was due correction...it had gone down too far too fast......it was screaming a buy.......also the short side trade was crowded so when the market started going up it caused lot of shorts to close further strengthening the upmove...plus it is a thin market so moves are extreme on either side.

I think it is because AUD already pre-digest the rate cut for this week so when it just cut 0.25% it bounced up. Also there is no trend could be down forever, it is always back and forth, so even it is a downtrend in large picture, it is normal to bounce up.
Last few weeks, every good AUD data or weak USD data did not put AUD up, but every bad AUD data or strong USD data put AUD down. So it is also not a surprise that for this week, the bad AUD data or strong USD data did not put AUD down, but good AUD data or weak USD data could put AUD up.
Also, AUD not only lost against USD, but it probably lost against every currency in the last 4 months, it is ok for it to stays relatively stronger for now.
I see the 4H chart is still in up correction now, I think people should either wait for 4H chart goes to swing range or downtrend to short it, or you can wait for it reach to 0.9300 to short as that is a strong resistance. But you need to make sure do not put too large lot and have stop loss for short, just in case if it break 0.93 resistance then it may goes up to 0.96 or above (very little possibility but you are trading forex, not gambling so make sure have proper money management and stop loss).

Everyone has lose or profit, but you can never always win, and every consistant profit trader must had some closed out experience, so it is no-sense for someone to say, hi i told you guys it is bull/bear, hi you keep short/buy and then blow your account, hi where are the bulls or bears, or something like that. You just showed your arrogance and un-respectful for those unlucky ones or new ones who lost money. If you think you can contribute to this forum, then you could post your chart or point out some price point to communicate with other traders and help each other.

Anyway, have a good weekend everyone..

and aussie closes right on 0.9200

I think it is a bit over done for a bit. I would think a continuation if it steadily gained, but these massive gains typically don't hold well. 400+ pips this week. We are at daily resistance, and look at the last time the RSI I got into this level..... right before that MASSIVE decline.

AUD Business data next week mon/tue most likely lackluster.

everybody tried to support your own thought. This causes bias which moves the market. nothing surprise. It's like poker game.