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AUD/USD

  • #68,401
  • Oct 23, 2013 4:48am Oct 23, 2013 4:48am
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Those who say it cannot be done should not interrupt those who are doing it
  • #68,402
  • Oct 23, 2013 4:54am Oct 23, 2013 4:54am
Quoting PipTrapper
{quote} That is surely not good for the commodity block (Aussie, Kiwi and Loonie). {image}
I was not aware kiwi has any commodities apart from softs, like milk, meat & similar. Softs are doing today just fine.

why would kiwi depend on gold or oil price ?
  • #68,403
  • Oct 23, 2013 5:26am Oct 23, 2013 5:26am
Quoting PipTrapper
{quote} Yes, I should listen to myself more often.
bro is that good point to sell aud/usd???
  • #68,404
  • Oct 23, 2013 5:42am Oct 23, 2013 5:42am
Quoting ljudozerec
{quote} I was not aware kiwi has any commodities apart from softs, like milk, meat & similar. Softs are doing today just fine. why would kiwi depend on gold or oil price ?
Kiwi depends on the Australian and Asian economies.
If they are not doing well, New Zealand isn't either.
Those who say it cannot be done should not interrupt those who are doing it
  • #68,405
  • Oct 23, 2013 5:43am Oct 23, 2013 5:43am
Quoting umair55
{quote} bro is that good point to sell aud/usd???
Sorry I don't understand your question.
What point?
Those who say it cannot be done should not interrupt those who are doing it
  • #68,406
  • Oct 23, 2013 5:50am Oct 23, 2013 5:50am
Quoting PipTrapper
{quote} Sorry I don't understand your question. What point?
0.962xx??
  • #68,407
  • Oct 23, 2013 5:55am Oct 23, 2013 5:55am
Quoting umair55
{quote} 0.962xx??
If it holds below 9608, the next target will be 9510 and then 9445.
We have an outside day reversal here, so unless the day closes above 9645 (Yesterday's low), we're bearish (at least for now)
Before getting too bearish, I would wait to see how today closes. If we end in a bearish scenario, I would be looking to sell rallies against resistance tomorrow.
Those who say it cannot be done should not interrupt those who are doing it
  • #68,408
  • Oct 23, 2013 5:56am Oct 23, 2013 5:56am
AUS_USD : 9675 IS A GOOD Level for short and TP 9555 short Long as u wish
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  • #68,409
  • Oct 23, 2013 7:08am Oct 23, 2013 7:08am
..... and still holding on to my audusd shorts....
  • #68,410
  • Oct 23, 2013 7:18am Oct 23, 2013 7:18am
good level of r t s, and exchanges of large transaction lies 0.9530-0.9489, where formerly was resistance channel. Alot of old shorts likely to unload there for minimal losses, and alot of buyers coming in there, with existing short likely to exit at that channel like formerly

0.9280-0.9320 where it was the resistance of 0.93-0.88.

now that we left 0.9530, that zone is quite crucial for a test.

if we don't get there 0.9530, there is still an asia high of 0.9568 before the leap into 0.96 zone.

0.9600 very likely to be attracted as well, somewhere says " AUD/USD option expiries at 0.9600 (today and Friday) total more than aud 2bln " i don't care thought, but some ppl says such option may attract larger transaction and price may get attracted there, either to miss or strike through.

daily bear in control as long below 0.9640, as daily's former support is breached, now standing on one of the daily support at 0.9610 zone.
  • #68,411
  • Edited 1:24pm Oct 23, 2013 8:01am | Edited 1:24pm
Quoting PipTrapper
{quote} I agree Pip, but how much further do you expect the USD to fall against the commodity currencies? Oil is melting down and raw materials are stagnating. That is surely not good for the commodity block (Aussie, Kiwi and Loonie). On top of that, the USD is already below levels it was at before all this QE tapering hype started. I'm not saying there is no more upside left in this pair. I'm just saying that any more upside should be limited and a re-visit of the lows should be favored in the mid-term. Face it. Until China returns to exponential...
When i talk crude, i talk wti which is what i trade the most. I think it has been the purest economic trade this year. We have continued surplus and low energy demand in the states. Also, less imported oil being used in the US and they just past saudi arabia for total fuels produced (crude, ngls, biofuels and distillates). Hell idk how low anymore. Wti took. Ou my 99 and 96.77 target within 3 days of each other.

i dont find fx correlated to economics as much now. Again, as long as qe is going on risk assets are a go. The worst of the bunch imo is cad. Its correlated to oil the most and is the us largest exporter of oil. Audusd is more gold correlated. I have a much lower target for gold, but as long as the fed is full throttle than im long audusd.

The thing is with china we are still seeing mundane growth relatively speaking. I do not think china alone with light everything on fire while the globe is at a stand still around them. Also you have to factor is next to nothing in growth for emerging markets.

Annnnnd, I'm looking at just above 78 on the dollar
When the facts change I change my mind, what do you do sir
  • #68,412
  • Oct 23, 2013 8:06am Oct 23, 2013 8:06am
Massive outside bar, gotta be short AUD for at least the next 24-48 hours, I think.
I have no clue what I'm talking about.
  • #68,413
  • Oct 23, 2013 8:12am Oct 23, 2013 8:12am
daily showing bearish engulfing/outside bar..and divergence..CCI above 100/oversold..i'm waiting till US open..see where the price heading..price testing previous support now on H1 chart..
  • #68,414
  • Oct 23, 2013 8:21am Oct 23, 2013 8:21am
I'm still bullish on AU mid term. Looking for possible buy on the dip at confluence level around 9520 (last week's long), even if just back up to the 50% again

Yesterday's BEOB is quite big so definitely going to watch cautiously before doing anything rash...
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Anything can happen.
  • #68,415
  • Oct 23, 2013 8:24am Oct 23, 2013 8:24am
Im long the EA at 4292
  • #68,416
  • Oct 23, 2013 8:56am Oct 23, 2013 8:56am
Keeping it simple, the 34EMA on the 4H looks like a nice model for resistance for the past 3 weeks. A turn off the RSI 30 surely not a coincidence. Big players cashed in their coin, is the train going to chug a lug higher again or fizzle in the station for a little break until the next move.
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Pride always comes before destruction.... -Proverbs 16:18
  • #68,417
  • Oct 23, 2013 10:08am Oct 23, 2013 10:08am
Because of stratucumulus clouds on sky above Melbourne, AU , AUD is going up....Let see what weather is going to be in morning ...
The Market pays you to be disciplined
  • #68,418
  • Oct 23, 2013 10:12am Oct 23, 2013 10:12am
Quoting mima
Because of stratucumulus clouds on sky above Melbourne, AU , AUD is going up....Let see what weather is going to be in morning ...



The AUDUSD is definitely a nice trender and I dont like to call tops but I am short this brick.
All posts are my personal opinion
  • #68,419
  • Oct 23, 2013 10:58am Oct 23, 2013 10:58am
Hi guys. Back to AUD/USD. New pending sell @ 0,9727 with SL @ 0,9767 placed.

Wish all good luck!
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #68,420
  • Oct 23, 2013 12:54pm Oct 23, 2013 12:54pm
Indeed, i did take the short allready 0.9621 I will hold for a few hours and see whats happens.
Expect a 20 pips maybe more on my side.

Cheers
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