AUD/USD

Quoting KiwiOz

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{quote} Hi pips29. Thanks for the question. It's made me have a closer look at this pair. I use the DeMark system & it is clearly showing me targets at 1.0960 & 1.0600. As for the pull back in between which I would assume to be wave 4, the 1.1100 may be just wave A of an ABC retracement With C being around 1.1300. From the top, wave 1 had a 68% retrace so I am assuming w4 will only have a 50% max' retrace. Hope it helps. Cheers. {image} {image}

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Quoting RiverTrader

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http://stocktwits.com/message/15958167 Not learned to read COT chart, all it says is: Massive covering of AUDUSD short futures positions. Biggest jump since 6/22/12. How does it affect to AUD/USD?

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Quoting Boy Wonder

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{quote} It suggests (to me) the upside is not done yet. Could be a move to 97.

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Quoting RiverTrader

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http://stocktwits.com/message/15958167 Not learned to read COT chart, all it says is: Massive covering of AUDUSD short futures positions. Biggest jump since 6/22/12. How does it affect to AUD/USD?

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Quoting RiverTrader

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Wait, but we have already broken 0.9509 last week, we were at 0.9524 area.

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Quoting edindzeko

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{quote} They use the term "break" a bit loosely. They really mean break and hold, we didn't close above .95.

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Quoting JeremyWS

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AUDUSD open 0.9350 {image}

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Quoting SpartanTrade

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Hi All, Looks like Aussie is gonna open tomorrow above 94c, its gonna be an interesting week

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Quoting edindzeko

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{quote} Significant...

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Quoting fxtyrant

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{quote} and AUDUSD openes officially below your 0.94... next time dont go predicting shit and saying that stuff looks like its gona open blah blah... AUDUSD opens down, EURAUD opens UP.... AUD weakness to start the week.... 0.95 looks strong enough as a resistance that got badly rejected... look at Weekly charts... this thing is still in a long term downtrend... so why the fuck are people longing?? beats me....

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Quoting fxtyrant

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{quote} dont you think you closed out your shorts to turn bullish a bit prematurely?? good lesson for you and some of the traders here.... people dont even realize the fact that TAPER is gona happen.... the FOMC meeting last wednesday sure screwed a lot us Dollar Bulls but market quickly disagreed as the FOMC day candle got faded away....

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Quoting edindzeko

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{quote} Yes I did close them prematurely. it looks like we may see 9240 relatively soon. I am still not bullish on USD, and I think Bullard's comments along with several other factors led to a Friday selloff. Don't forget the FOMC did reduce their projection for US economy for a 3rd time, AND they finally acknowledged the fact that they are RATE dependent. Benny straight up said they didn't taper bc rates (10yr) were too high. I'll repeat my stance on that... 3.0 is scary for US economy and 3.5 is deadly, now the Fed has come out and essentially...

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Quoting fxtyrant

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{quote} dude US GDP growth was above 2% and for them to still be predicting a 3% growth, thats still good news for the USD... even if they revised it lower.... taper is gona happen and buddy, be careful after FOMC the data came out of US good again..... so October -December taper is still on the tables.... dont discount it... thats why market dont trust the FOMC decision... we can see MARKET fading away the FOMC decision... and its gona possibly close that gap from a week ago.... Also you're mistakening... Tapering has nothing to do with Interest...

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Quoting edindzeko

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I'll be watching opening PA and then China data to see about entering short, but my immediate target would only be 9240 area. That would glose the GAP and make all you GAPPERS happy too, but when the dust settles I still see AUD going up.

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