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AUD/USD

  • #78,741
  • Jun 5, 2014 1:59am Jun 5, 2014 1:59am
if it breaks 9300 today,tomorrow will be a big short squeeze,even here..stay in trend..
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD_2014065_120615.png Size: 31 KB
  • #78,742
  • Jun 5, 2014 2:36am Jun 5, 2014 2:36am
Quoting Kizilaga
if it breaks 9300 today,tomorrow will be a big short squeeze,even here..stay in trend.. {image}
Pretty much depends on ECB but from money flow looks like the decision will be as expected
  • #78,743
  • Jun 5, 2014 2:45am Jun 5, 2014 2:45am
No position so far (only carrytrades), price is in the middle of nowhere but look at the influence a bullish ECB Statement could have on AUD/USD
4h chart below
Attached Image (click to enlarge)
Click to Enlarge Name: AUD.PNG Size: 50 KB
just do it
  • #78,744
  • Jun 5, 2014 3:13am Jun 5, 2014 3:13am
This has to be the hardest day to identify which way the AUD will go.

  1. What will happen with the EUR
  2. Will we see more risk-on behavior, of which will push the AUD to the clouds in the short to medium term.

My charts are telling me that a bearish Gartley pattern is forming, but I for one won't be trading the AUD today.

PS: I was advocating for a sell at 0.9300 ish, but have decided to sit back and watch.

https://charts.mql5.com/4/894/audusd...-markets-2.png

Follow me at andrewfx2020 (dot) com
  • #78,745
  • Jun 5, 2014 3:19am Jun 5, 2014 3:19am
Quoting thodie
No position so far (only carrytrades), price is in the middle of nowhere but look at the influence a bullish ECB Statement could have on AUD/USD 4h chart below {image}

i agree,and i think strong hands accumulating steadily..because it takes a sell of in US session but buoyed in London and ASia.
  • #78,746
  • Jun 5, 2014 4:53am Jun 5, 2014 4:53am
short at 0.9298
  • #78,747
  • Jun 5, 2014 5:07am Jun 5, 2014 5:07am
NAB (National Bank Australia) is forecasting the AUD to continue to track lower to US 84 cents by the 2014 December quarter, with a further 25bp cut to interest rates expected in November this year.

My view 0.91250 around.

especially next week with unemployment figures.
  • #78,748
  • Jun 5, 2014 5:23am Jun 5, 2014 5:23am
Quoting SydneyGuru
NAB (National Bank Australia) is forecasting the AUD to continue to track lower to US 84 cents by the 2014 December quarter, with a further 25bp cut to interest rates expected in November this year. My view 0.91250 around. especially next week with unemployment figures.
where is that news? put link.
  • #78,749
  • Jun 5, 2014 5:25am Jun 5, 2014 5:25am
Quoting Kizilaga
{quote} where is that news? put link.
Goooogle

http://business.nab.com.au/quarterly...ber-2013-5864/

It's from March 4th, kinda old.
  • #78,750
  • Jun 5, 2014 5:29am Jun 5, 2014 5:29am
Now i will add more Longs to my position))) They give perfect tips central banks!
  • #78,751
  • Jun 5, 2014 5:33am Jun 5, 2014 5:33am
shorters will have to be patient and put up with a run towards 0.95. Trend on smaller time frames is up and needs to be respected
  • #78,752
  • Edited 5:53am Jun 5, 2014 5:35am | Edited 5:53am
AUD is performing like a beast right now, and yet gold and silver have yet to make a turn at their lows.

Imagine if and when they do.

It won't be pretty for the shorts.
  • #78,753
  • Jun 5, 2014 5:52am Jun 5, 2014 5:52am
Quoting Kizilaga
Now i will add more Longs to my position))) They give perfect tips central banks!

Thanx for the link by the way,i had new longs becuz of that

Now we can discuss NFP data effect tomorrow,for breaking 94.00.
  • #78,754
  • Jun 5, 2014 5:54am Jun 5, 2014 5:54am
just popped 0.93 and momentum increasing!!!
  • #78,755
  • Jun 5, 2014 5:54am Jun 5, 2014 5:54am
WoW!
  • #78,756
  • Jun 5, 2014 5:58am Jun 5, 2014 5:58am
hesitation expected here in the .9321-.9324 area...looks ripe for some pullback through the day today...
"Holy Grail" exists - accepting where is the first step.
  • #78,757
  • Jun 5, 2014 6:09am Jun 5, 2014 6:09am
Quoting VaBikePacker
hesitation expected here in the .9321-.9324 area...looks ripe for some pullback through the day today...
Possibly a minor pullback, but generally, I'm expecting to see bullish continuation for the rest of the week.
  • #78,758
  • Jun 5, 2014 6:23am Jun 5, 2014 6:23am
Quoting Kizilaga
{quote} where is that news? put link.
NAB web site.

I am living in AU and labour market is very weak ... next week you will see the truth.
  • #78,759
  • Jun 5, 2014 6:29am Jun 5, 2014 6:29am
AU labor weak,i live in EU and it is weak also..The truth is it has an uptrend to me.Next week data may be negative but it wont have an effect on it.
  • #78,760
  • Jun 5, 2014 6:30am Jun 5, 2014 6:30am
Quoting JollyBean
{quote} Possibly a minor pullback, but generally, I'm expecting to see bullish continuation for the rest of the week.
Certainly agree - just expressing my own opinion on price action. Just to fake everyone out I wouldn't be surprised by a high .92s pullback that makes everyone think they should be short...this market loves doing that over and over and over and over and....well...I could paste that 100s of times....

I don't disagree that Australia is seeing some weakness, however, their weakness is like, still crazy good compared to many. Even if they drop rates right now they'll still be a place to earn more on money parked.

Where would you park billions? Where the economy is chained with debt approaching beyond GDP or where debt is a smaller portion of GDP?
"Holy Grail" exists - accepting where is the first step.
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