AUD/USD

Quoting skyhok

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Quoting Ssm

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{quote} There will always be buy signal for this pair as this pair has been in the "oversold" zone for a super long period of time. Please throw those overbought and oversold indicators away, because you will find that in forex, a pair can be in oversold or overbought zone for an extended period of time. These indicators can be dangerous if not used properly.

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Quoting Balmain Boy

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{quote} AUD/USD 1822 - 2013 What a piece of absolute garbage !! Australian Dollar as a currency only came into existence in 1966. {image}

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Quoting skyhok

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Looking at the long term chart of AUDUSD - I rethink and it's hard to believe the PA from April 2001 low onward would be corrective (which would indicate price will resume down trend in the future taking AUDUSD further downunder towards zero). {image} But it indicates a major reversal from April 2001 low for an uptrend, with an impulse wave [1] up as shown on chart below. PA is now at the tail-end of wave A of a 3-3-5 correction [2], approaching close to 50% retracement of [1]. {image}

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Quoting Liam0530

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they are determined for this to hit the floor.. short the hell out of this pair

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Quoting fxtyrant

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{quote} i very much doubt its a bull here see the RSI? no valid proof of it being in oversold zone RSI still above 30.... i think we will see 1.0160 today Yes folks... i seriously do.... but that will have to wait till london.... right now we consolidate... but see i did say 1.0225 is a level to watch because of that fibo at 1.0226 interesting shit huh... Anyways... London market Open Above 1.0226 will give us a small retrace. London market Open Below 1.0226, i will see 1.0160 today! {image}

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Quoting fxtyrant

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{quote} nothing can get close to 0... doesnt make sense buddy.... the exchange rate will always be above 0... it can never touch zero.... for as long as the currency exists it cannot be 0... but it could be devalued so badly it would probably sho up as 0.0000001.... becareful when you say something will reach to 0... stock price can reach 0 when company goes bust but currency.... cant.... even a country like zimbabwe who has their own currency and their currency is close to 0.... keyword= "CLOSE" probably 1 Zimbabwe currency = 0.0000000000001 USD....

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Quoting fxtyrant

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{quote} looking back to the old days.... predicted the collapse of AUDUSD since the good old times above parity... but wow i only forcasted audusd to fall to 0.96 back then... but WOW.... where it is now.... still no surprise. i have always gone by the old saying.... "Do not bet against a raging dollar bull"

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Quoting thodie

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Hello Chris and friends, like to update AUD/USD still waiting for a death cross with todays PA this scenario looks good. i´m NOT shorting AUD/USD, but i´m short AUD/JPY which gave me also a few pips today looking for 0.969xx regards thodie {image}

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Quoting thodie

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AUD/USD long term, looks like an H&S Pattern to me with broken and retested Neckline, will play longs only for bounces overall PA is down for me. {image}

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