Attachments: AUD/USD

AUD/USD

#88,361
Jan 7, 2015 11:34am Jan 7, 2015 11:34am

MJBhinder
| Joined Dec 2014 | Status: Trader | 203 Posts

[quote=USD-Bear;7979078]same here @ 80,12 to be precise

Same here too... were you looking @ the June 2009 monthly candle open?

#88,362
Jan 7, 2015 11:39am Jan 7, 2015 11:39am

USD-Bear
Joined May 2009 | Status: User of Geppy patience pills | 7,645 Posts

[quote=MJBhinder;7979105]

Quoting USD-Bear

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same here @ 80,12 to be precise Same here too... were you looking @ the June 2009 monthly candle open?

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few:
2/2004
3/2005
5/2010

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#88,363
Jan 7, 2015 12:01pm Jan 7, 2015 12:01pm

LizzyBennet
| Joined Dec 2014 | Status: Trader | 20 Posts

Thanks for pointing that out diggo. I am still overall short AUD at the moment but treading increasingly carefully. Interesting that you are long term bearish AUD. My husband is also Aussie and also long term bearish. I am non-Aussie and long term bullish. Is there something you guys know that we outsiders don't?? I keep pointing out to hubs all the resources you have, and all the land, so sparsely populated. Your population will continue to grow (just choose your immigrants carefully, haha!), and you have enough resources to export for years to come, I just don't understand how the currency can possibly go anywhere but up in the long term. I am waiting for AUD to bottom out any minute now and planning to shift a good chunk of my cash (not my trading account but my bank account) into AUD. We're currently living in Hong Kong but will end up either in Oz or the UK (my home country) so it is useful for us to gradually shift our cash(currently mostly HKD) into either GBP or AUD over the long term, and I am a lot more comfortable with AUD quite frankly.

#88,364
Edited 4:30pm Jan 7, 2015 1:00pm | Edited 4:30pm

MJBhinder
| Joined Dec 2014 | Status: Trader | 203 Posts

Agreed 0.800 -0.8012 level as strong support... if price moves through we could see next support at 0.7915-0.7930, which is also the 50% fibs level taken from 2001 lows to 2010 highs. Possibly price could spike there and move quickly above 0.800 levels. But a move below .7900 could see further downside.

The following chart image is the Weekly chart between Aug 2007 and May 2010 showing the strength of the 50% fibs level.

Attached Image (click to enlarge)

Click to Enlarge

Name: AUDUSDH1999.png
Size: 47 KB

#88,365
Jan 7, 2015 5:49pm Jan 7, 2015 5:49pm

Gwan
| Joined Feb 2007 | Status: Small is beautifull | 1,368 Posts

supports hold for another day
bear can wait as it may

#88,366
Jan 7, 2015 6:12pm Jan 7, 2015 6:12pm

Harris27
| Joined Jan 2015 | Status: Trader | 221 Posts

Anyone thinking like me of Aussie back to 0.65 this year? Trading beow 0.80 will pave the way? Pressure on Euro banging all others down with it!

#88,367
Jan 7, 2015 7:29pm Jan 7, 2015 7:29pm

Dream_trader
| Joined Aug 2013 | Status: Trader | 170 Posts

OMG... Thinking is possibility, but chart is reality. Do you know any analitic, who always is right? Check few hundreads pages back and read what someone was thinking and what is now, in fact. After what dont ask there these silly questions.

#88,368
Jan 7, 2015 8:08pm Jan 7, 2015 8:08pm

banana
| Joined Aug 2012 | Status: Trader | 87 Posts

Will be hard to pass below .8000, just looking at the number of buy orders at .8000 on my broker's order page shows a crazy support level...

It didn't even get close with all the USD news last night. Having said that it hasn't really rallied or bounced too much either so I'm sitting on the sidelines, too much indecision right now.

#88,369
Jan 7, 2015 10:11pm Jan 7, 2015 10:11pm

Ahmed Seira
| Commercial User | Joined Jan 2014 | 32 Posts

Quoting banana

Disliked

Will be hard to pass below .8000, just looking at the number of buy orders at .8000 on my broker's order page shows a crazy support level... It didn't even get close with all the USD news last night. Having said that it hasn't really rallied or bounced too much either so I'm sitting on the sidelines, too much indecision right now.

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#88,370
Jan 8, 2015 1:03am Jan 8, 2015 1:03am

tedsung
| Joined Oct 2013 | Status: Pedagang Tangguh | 60 Posts

I see 0.7500 for next week. My recommendation is sell for long term.

#88,371
Jan 8, 2015 1:06am Jan 8, 2015 1:06am

Dream_trader
| Joined Aug 2013 | Status: Trader | 170 Posts

Quoting tedsung

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I see 0.7500 for next week. My recommendation is sell for long term.

Ignored

How do you see that? Can we see any chart or smth?

#88,372
Jan 8, 2015 1:15am Jan 8, 2015 1:15am

Harris27
| Joined Jan 2015 | Status: Trader | 221 Posts

Quoting Dream_trader

Disliked

OMG... Thinking is possibility, but chart is reality. Do you know any analitic, who always is right? Check few hundreads pages back and read what someone was thinking and what is now, in fact. After what dont ask there these silly questions.

Ignored

The chart and thinking = one combination. Chart says 0.60-0.65 the only support if Aussie trades under 0.80 and 0.70 in coming months.
Thinking says RBA wants a weak Aussie, they said it crystal clear. Euro weakness will not keep Aussie over 0.80, unless anyone thinking of big change in euraud price!!, anyone?

#88,373
Jan 8, 2015 1:39am Jan 8, 2015 1:39am

VaBikePacker
Joined Apr 2014 | Status: Trader | 719 Posts

Quoting tedsung

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I see 0.7500 for next week. My recommendation is sell for long term.

Ignored

I'm with Dream Trader - lets see a chart or some foundation for the claim.

"Holy Grail" exists - accepting where is the first step.

#88,374
Jan 8, 2015 1:42am Jan 8, 2015 1:42am

wyley187
Joined Apr 2014 | Status: Trader | 249 Posts

Quoting VaBikePacker

Disliked

{quote} I'm with Dream Trader - lets see a chart or some foundation for the claim.

Ignored

Hey VA...looks like our gbp/aud trade is finally coming into line, I have another 150 pips for breakeven to go, the swap has been nice tho!

#88,375
Jan 8, 2015 2:00am Jan 8, 2015 2:00am

SkyrEk
| Joined Mar 2011 | Status: Trader | 876 Posts | Online Now

Any thoughts on NFP tomorrow?

will AUDUSD short squeeze further or break below .80.

your opinions will be helpful.

#88,376
Jan 8, 2015 6:25am Jan 8, 2015 6:25am

VaBikePacker
Joined Apr 2014 | Status: Trader | 719 Posts

Quoting wyley187

Disliked

{quote} Hey VA...looks like our gbp/aud trade is finally coming into line, I have another 150 pips for breakeven to go, the swap has been nice tho!

Ignored

Hey buddy!!! Happy new Year!!

Yes, finally!! The set of trades I'm in I took solely with the intent of gaining swap and seeing how long it would take...a masochistic exercise I know, but, it's been good..

watching for a little pullback on the AUD over the next 12-15 hours for some 4hr action to line up better with daily, which is lined up with weekly...So, looking to me like AUD/USD is working it's way into buy the dip mode which should get interesting given RBA stance on the matter....

"Holy Grail" exists - accepting where is the first step.