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AUD/USD

  • #70,141
  • Dec 2, 2013 9:23pm Dec 2, 2013 9:23pm
4h view

simple but very clear
Attached Image (click to enlarge)
Click to Enlarge Name: audusd-h4-afb-fx-ltd.png Size: 39 KB
  • #70,142
  • Dec 2, 2013 9:25pm Dec 2, 2013 9:25pm
Quoting razaali
4h view simple but very clear {image}

Means bearish? i am new and learning to see chart.

Tq for your information and appreciate your guide.
  • #70,143
  • Dec 2, 2013 9:39pm Dec 2, 2013 9:39pm
Quoting waifong
{quote} Means bearish? i am new and learning to see chart. Tq for your information and appreciate your guide.
yes , have to break red lower line to make more down
  • #70,144
  • Dec 2, 2013 9:41pm Dec 2, 2013 9:41pm
Quoting razaali
{quote} yes , have to break red lower line to make more down
RBA statement reads less dovish than expected almost bullish
  • #70,145
  • Dec 2, 2013 9:45pm Dec 2, 2013 9:45pm
Quoting Greener
{quote} RBA statement reads less dovish than expected almost bullish
Old story again: RBA wants a lower Aussie.
The true fact is market doesn't care, risk mgt is important.
  • #70,146
  • Dec 2, 2013 9:46pm Dec 2, 2013 9:46pm
Quoting Greener
{quote} RBA statement reads less dovish than expected almost bullish
look again my chart

break that lower red line will accelerate sell positions, hold that area will give the bulls a chance to try upper channel of this triangle
  • #70,147
  • Dec 2, 2013 9:46pm Dec 2, 2013 9:46pm
Quoting razaali
{quote} yes , have to break red lower line to make more down
Yep, the trend line and the .76 fib on daily.
FF journal: Peaks and Troffs
  • #70,148
  • Dec 2, 2013 9:48pm Dec 2, 2013 9:48pm
Quoting bogus
{quote} Yep, the trend line and the .76 fib on daily.
  • #70,149
  • Dec 2, 2013 9:49pm Dec 2, 2013 9:49pm
Quoting waifong
{quote} Means bearish? i am new and learning to see chart. Tq for your information and appreciate your guide.
Are you currently working in SG?
  • #70,150
  • Dec 2, 2013 9:49pm Dec 2, 2013 9:49pm
Quoting Ssm
{quote} Old story again: RBA wants a lower Aussie.
RBA: "The Australian dollar, while below its level earlier in the year, is still uncomfortably high. A lower level of the exchange rate is likely to be needed to achieve balanced growth in the economy."


How is lower level define?
The true fact is market doesn't care, risk mgt is important.
  • #70,151
  • Dec 2, 2013 9:51pm Dec 2, 2013 9:51pm
Quoting Ssm
{quote} RBA: "The Australian dollar, while below its level earlier in the year, is still uncomfortably high. A lower level of the exchange rate is likely to be needed to achieve balanced growth in the economy." How is lower level define?
below 0.9... but they just keep said.. same statement.. Do not see any rate cut now..

.905 tank again..
  • #70,152
  • Edited 10:26pm Dec 2, 2013 10:02pm | Edited 10:26pm
What got my attention was this little word...

"A lower level of the exchange rate is likely to be needed to achieve balanced growth in the economy."

To use "likely" means to be unsure. And to be unsure about wanting a lower exchange rate might give a signal to bulls to make their trade.
  • #70,153
  • Dec 2, 2013 10:11pm Dec 2, 2013 10:11pm
Quoting k3nshinz3139
{quote} below 0.9... but they just keep said.. same statement.. Do not see any rate cut now.. .905 tank again..
They can't cut rate because if they do, it will drive home prices higher, which in many Australia cities already seen high home prices.
Australia government is known for taking care of its people.
The true fact is market doesn't care, risk mgt is important.
  • #70,154
  • Dec 2, 2013 10:13pm Dec 2, 2013 10:13pm
Quoting Ssm
{quote} They can't cut rate because if they do, it will drive home prices higher, which in many Australia cities already seen high home prices. Australia government is known for taking care of its people.
Yes... So now the only fundamental can drive Aussie lower is Taper which is FED
  • #70,155
  • Dec 2, 2013 10:17pm Dec 2, 2013 10:17pm
Next 4h candle is in 2hrs on my charts. That candle should show the way.......Carry on the down trend or back up to finish the retracement.......
Money Makes Money
  • #70,156
  • Dec 2, 2013 10:47pm Dec 2, 2013 10:47pm
I'm keep buying AUD under 0.91.
  • #70,157
  • Dec 2, 2013 10:58pm Dec 2, 2013 10:58pm
Quoting k3nshinz3139
{quote} below 0.9... but they just keep said.. same statement.. Do not see any rate cut now.. .905 tank again..
Sir, may i know what do you mean by .905 tank again? Thankyou

Im new here so im still learning
  • #70,158
  • Dec 2, 2013 10:58pm Dec 2, 2013 10:58pm
Quoting JollyBean
What got my attention was this little word... "A lower level of the exchange rate is likely to be needed to achieve balanced growth in the economy." To use "likely" means to be unsure. And to be unsure about wanting a lower exchange rate might give a signal to bulls to make their trade.
Yes, they might not be sure the impact of lower exchange rate to the economy, but what they are sure is they want a lower level.
The true fact is market doesn't care, risk mgt is important.
  • #70,159
  • Dec 2, 2013 11:07pm Dec 2, 2013 11:07pm
Quoting JollyBean
What got my attention was this little word... "A lower level of the exchange rate is likely to be needed to achieve balanced growth in the economy." To use "likely" means to be unsure. And to be unsure about wanting a lower exchange rate might give a signal to bulls to make their trade.


Hardly groundbreaking , exactly the same line was used in November's statement .
  • #70,160
  • Dec 3, 2013 12:52am Dec 3, 2013 12:52am
Quoting Lv5758
{quote} Sir, may i know what do you mean by .905 tank again? Thankyou Im new here so im still learning
Support zone.. So far still has not break.. If she breaks it.. I quit and side.. I dont like to short AUssie for long term.. lol I got the patient
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