AUD/USD

good re entry for long.. waiting....

right on target. hope

AU seems not interested to take downside risk until hearing FOMC voice.

it sell slow

Long has failed. Pending short for me.

too fuzy on short tf's gonna wait for H4 corrections on this one

my short worked and price stayed below 50sma

With such thin volume, bull trap is building again just like Asian session? Lets see and look for higher levels for shorts.

Triangle?

When the H1 finds it's bottom , then the H4 will be going long .......................

The next 8 to 12 hours should tell us................

they wait in this range to be more buy orders to dramatically drop the price down.

My view...

EUR/USD GBP/USD dipping, USD/CAD going up, yet AUD/USD is unphased.

A promising sign for bulls. Not a very good sign for bears.

Fixed

You should be cheer-leading for people to buy so the price will drop.

is the australia Monetary policy minute volatile to the AUS market ?

i'm short here 8962 tp 8908
sl 8974 few pips

There is no industry in Australia.

You have to look long term. At the end of 2002 the AUD was about .55, then the shit hit the fan and it receded to .63. Today .85 would be reasonable as a bottom of a trend upward. The USA has zero intention of pulling back the printing of USD. Yellen has confirmed in various ways that she is just as much a printer as Bernanke if not more so. Bernanke made very clear the terms under which a taper would occur, and in Sept it seems everybody was certain it would happen, and yet it didn't quite simply because those terms were not met. Today, those terms are not being met.

Stevens is very slow to react to anything. He talks very little, and his statement reminds me of a lottery or casino pitch. He'd like to see it at .85. Well, you COULD win the lottery, but you won't. There is no industry in Australia. Outside of tourist dollars there is very little reason to expect any further reduction in AUD is going to boost GDP or be beneficial to the economy in any way.

We have to watch what the Abbot government does. I have no idea what they'll do, and I'm not as up to speed as I should be, but I suspect voters are looking for economic progress akin to the Howard years. For some reason this .85 has become a magic number, as if it has been pitched for the intent of a self fulfilling prophecy. But AUD still has the highest interest return and Australians are very conservative and there is no catalyst like there was in the USA to reduce those interest rates further.

The Fed, not the RBA, has the power to make the most significant difference in where this currency goes. From a fundamental standpoint, I'd still prefer to park my wealth in AUD and collect a real interest rate from banks that are far more regulated and arguably more solvent then anything the USA could offer. I have recently heard from some funny places that they expect a higher interest rate environment in the USA, but it's very difficult to believe that's going to occur anytime soon. What, if anything, in the USA, has fundamentally changed since 2008? As far as I can see, not a damn thing.

If you can see it, please let me know.

I too am in that position from 63, same sl and tp hoping for it to return to the bottom of the range on 1hr tf. Good luck.

to me it looks like bear trap

long from here