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AUD/USD

  • #69,701
  • Nov 18, 2013 1:24am Nov 18, 2013 1:24am
Quoting SpartanTrade
{quote} Most major banks incl. RBA never had AUD above parity.
Here's an interesting question. At least I find it interesting (if no one else does)...

When AUD/USD was above parity, what direction would price go if it was overvalued?
  • #69,702
  • Nov 18, 2013 2:22am Nov 18, 2013 2:22am
Ozzie is gathering momentum. No guarantees so let's just take it one step at a time..............
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Money Makes Money
  • #69,703
  • Nov 18, 2013 3:31am Nov 18, 2013 3:31am
Quoting 2+2=4ex
{quote} Here's an interesting question. At least I find it interesting (if no one else does)... When AUD/USD was above parity, what direction would price go if it was overvalued?
AUD was not over valued in my opinion. We are at the bottom of the range for the next 10 years not at the top of the range for the last 10!
  • #69,704
  • Nov 18, 2013 4:52am Nov 18, 2013 4:52am
News item

2013.11.18 12:44:23 WESTPAC: AUSSIE AND KIWI TO OFFER HIGH YIELDS AND STABILITY OF CASH RATES INTO YEAR-END

For what it's worth....
Money Makes Money
  • #69,705
  • Nov 18, 2013 5:00am Nov 18, 2013 5:00am
I agree that it is up.
  • #69,706
  • Nov 18, 2013 5:16am Nov 18, 2013 5:16am
Quoting SpartanTrade
{quote} AUD was not over valued in my opinion. We are at the bottom of the range for the next 10 years not at the top of the range for the last 10!
Really?

If AUD can stay above $1, half of workers in manufacturing industry will lose their jobs. AUD could hit $1， but can't stay at that position for a long time.
  • #69,707
  • Nov 18, 2013 5:21am Nov 18, 2013 5:21am
aussie likely to be slapped again today. beware usd is gathering strength.
  • #69,708
  • Nov 18, 2013 5:44am Nov 18, 2013 5:44am
I have not placed an order. I am watching price action. I know it is a very high possibility to fall, but I have not become convinced on what it will do yet. I am watching.
  • #69,709
  • Nov 18, 2013 7:41am Nov 18, 2013 7:41am
http://i1116.photobucket.com/albums/...ps2ba097d5.jpg

If the day candle closes above .9390 level, next resistance will be old friend former Sep high at .9530
However, we may retest lower line at .9280.
The true fact is market doesn't care, risk mgt is important.
  • #69,710
  • Nov 18, 2013 8:06am Nov 18, 2013 8:06am
Quoting Ssm
{image} If the day candle closes above .9390 level, next resistance will be old friend former Sep high at .9530 However, we may retest lower line at .9280.
RBA might declare some negative which could lower down AUD to retest 9350 then even 9280.
  • #69,711
  • Nov 18, 2013 8:08am Nov 18, 2013 8:08am
Quoting zew
{quote} RBA might declare some negative which could lower down AUD to retest 9350 then even 9280.
Yes, in forex, there is always a possibility.
The true fact is market doesn't care, risk mgt is important.
  • #69,712
  • Nov 18, 2013 8:43am Nov 18, 2013 8:43am
Quoting Mr.C
Sunday evening here in Chicago. Markets are open - let's start the rock'n'roll. First trade of the week is AUD/USD short from 0,9364. SL @ 0,9404. 2% risk on this one. Wish all a good week. Trade safe!

Hello traders. Quick update on the situation: yesterday's Aussie killed with a 2% loss. Mistake on this one. Will leave Aussie aside for a while. Wish all a nice and profitable day!
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #69,713
  • Nov 18, 2013 8:45am Nov 18, 2013 8:45am
Dollar Index bellow 80.51 will effect any prediction so far...
The Market pays you to be disciplined
  • #69,714
  • Nov 18, 2013 8:49am Nov 18, 2013 8:49am
Quoting giveachance
aussie likely to be slapped again today. beware usd is gathering strength.
Your comment reminds me of the disheveled man on the street corner holding a sign professing the end of the world is near.
  • #69,715
  • Nov 18, 2013 4:06pm Nov 18, 2013 4:06pm
Hello,

Today with the:

CB Leading Index m/m

and

Monetary Policy Meeting Minutes


Should we expect new low of:

9250 ?


What do you think?

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  • #69,716
  • Nov 18, 2013 5:33pm Nov 18, 2013 5:33pm
With the Dow and S&P going up and Mr. Yellen set to be the next chair I don't see any reason to think it's going lower.
  • #69,717
  • Nov 18, 2013 5:42pm Nov 18, 2013 5:42pm
Dow has difficulty holding 16k. I think RBA negative speech will let AUD retest 9300 area. It's not a bad buy position.

Don't expect AUD will hit very low like 0.91 area. However, AUD can't hit 0.96 above without very good news from China.
  • #69,718
  • Nov 18, 2013 5:42pm Nov 18, 2013 5:42pm
Quoting TheTopBloke
With the Dow and S&P going up and Mr. Yellen set to be the next chair I don't see any reason to think it's going lower.
I think you'll find that Yellen doesn't have the balls ...
  • #69,719
  • Nov 18, 2013 5:53pm Nov 18, 2013 5:53pm
Quoting Balmain Boy
{quote} I think you'll find that Yellen doesn't have the balls ...
lol.

How can he find out?
  • #69,720
  • Nov 18, 2013 6:07pm Nov 18, 2013 6:07pm
Quoting TheTopBloke
With the Dow and S&P going up and Mr. Yellen set to be the next chair I don't see any reason to think it's going lower.
Always keep in mind that market is unrational.
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