AUD/USD

Upside potential is at least 0.7960.

0.783 is open for today, expect strong resistance there especially with 1HR 200MA hovering around that level

Price is trading below the 10 day simple MA and thus I am more bias to the downside. Looking at the previous 2 days high as resistance (0.7846 - 0.7852) and which is also converging with the MA....might be looking to short at these levels.

IMHO, the AUDUSD should test 0.7770 as the descending trend-line restricts further advance of the pair and the RSI is also signaling decline.

Long term investors not budging
TP: 0.7190 imo

shorted 0.7808... sl 10 pips

I do not want the upside for now, I still stay short for now, but a break of 0.7860 may change the story.

Bears gonna win this war

to the target of ?... there's still the st rising trend line supporting at 0.7770... gotta see if it reacts there..

thanks for your hint

i think it has just started to go to basement.

short

FRI -->> RBA Statement

MON -->> BEAR's KING STEVENS SPEAKING

good move for short.. now bears back in bussines

If 0.7860 not broken, the market heads down to 0.7650

sigh.. the aussie seems to be just going nowhere.... i'm confused

Why confused? Either up or down. Simple as that. I might be wrong off course....

https://private.tradingcentral.com/c...0205161051.GIF

For those who are interested, inverted head and shoulder in H4 timeframe, however, not taking the indication to go against RBA, we are in a currency war among nations / race to the bottom, they wanted a weaker AUD.

hmm.. but technical suggest upside swing to 0.80 - 0.805.. ahh...

Prior to the February Board meeting, the cash rate
had been at the same level since August 2013.
Interest rates faced by households and firms had
declined a little over this period. Very low interest
rates have contributed to a pick-up in the growth of
non-mining activity. The recent large fall in oil prices, if
sustained, will also help to bolster domestic demand.
However, over recent months there have been fewer
indications of a near-term strengthening in growth
than previous forecasts would have implied. Hence,
growth overall is now forecast to remain at a belowtrend
pace somewhat longer than had earlier been
expected. Accordingly, the economy is expected
to be operating with a degree of spare capacity for
some time yet, and domestic cost pressures are likely
to remain subdued and inflation well contained. In
addition, while the exchange rate has depreciated,
it remains above most estimates of its fundamental
value, particularly given the significant falls in key
commodity prices, and so is providing less assistance
in delivering balan