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AUD/USD

  • #89,401
  • Feb 26, 2015 5:21am Feb 26, 2015 5:21am
Quoting buytosell
{quote} I believe at this time is all about USD. I think.
Agreed on most pairs (usdcad seems to be more resistant to usd moves). With that said the daily trendline on aussie has coincided with a test of a triangle in the dollar index. Currently hourly candles have confirmed their hold.

https://dwq4do82y8xi7.cloudfront.net/x/ZVWoRUFN/
  • #89,402
  • Feb 26, 2015 5:24am Feb 26, 2015 5:24am
Quoting iskandarler
think that us dollar index will retest the resistant at 95.05.. its look like a strong dollar
I certainly hope so, and hopefully the magical triangle doesn't breakdown and screw up my technicals.
Luck shines on the positive.
  • #89,403
  • Feb 26, 2015 5:26am Feb 26, 2015 5:26am
Could this be a short term bullish move till FOMC meeting in March?
  • #89,404
  • Feb 26, 2015 5:38am Feb 26, 2015 5:38am
Quoting n00b
Reloading a small short here at 0.79 11:30am AUD Cash Rate 2.00% 2.25% <-- BTW, I didn't know that the consensus is for a rate cut. I thought everyone was saying that RBA is likely to 'wait and see'.. Hmm..
What is this about a consensus?
  • #89,405
  • Feb 26, 2015 6:08am Feb 26, 2015 6:08am
USD has to break up 94.34 to be safe for going up...until then I think is uncertain...of course I might be wrong.
There is a winner and a loser, nothing in between.
  • #89,406
  • Edited 7:03am Feb 26, 2015 6:42am | Edited 7:03am
Quoting buytosell
USD has to break up 94.34 to be safe for going up...until then I think is uncertain...of course I might be wrong.
Done. Lets see how strong this short term bullish USD trend is.

Edit: Looks promising, but hurdle is US data.
Luck shines on the positive.
  • #89,407
  • Feb 26, 2015 7:57am Feb 26, 2015 7:57am
Quoting n00b
Reloading a small short here at 0.79
SL at BE, looking at 0.7760 still :s

First hurdle is of course today's low at around 0.7840ish.. Let's see. The fact that EUR/USD broke 1.1270 probably helps.
  • #89,408
  • Feb 26, 2015 8:07am Feb 26, 2015 8:07am
Quoting n00b
{quote} SL at BE, looking at 0.7760 still :s First hurdle is of course today's low at around 0.7840ish.. Let's see. The fact that EUR/USD broke 1.1270 probably helps.
Grats on green! Now we have triangle top on dollar index as next hurdle. Past that, we may have new highs. A little early I would think, but after tonight's reaction I don't think anything's impossible.
Luck shines on the positive.
  • #89,409
  • Feb 26, 2015 8:21am Feb 26, 2015 8:21am
Congratulations to USD. Well done.
There is a winner and a loser, nothing in between.
  • #89,410
  • Feb 26, 2015 8:26am Feb 26, 2015 8:26am
Quoting YvetteTeo
{quote} Grats on green! Now we have triangle top on dollar index as next hurdle. Past that, we may have new highs. A little early I would think, but after tonight's reaction I don't think anything's impossible.
Thanks mate, I hope you got some as well

Quoting buytosell
Congratulations to USD. Well done.
Still need to break that 0.7840 support. Then hopefully, there will be more momentum. There's a hammer on NZD 15m, so I'm a little cautious too.. (Still running NZD shorts as well, which was well underwater before the news lol).
  • #89,411
  • Feb 26, 2015 8:36am Feb 26, 2015 8:36am
3 words for this pair, Respect the Trend. With reference to the long term trend.

Short term, be cautious of short squeezes which can spike up pretty hard.
  • #89,412
  • Feb 26, 2015 9:32am Feb 26, 2015 9:32am
Dollar index has broken triangle top, higher highs in play now.
Luck shines on the positive.
  • #89,413
  • Feb 26, 2015 9:34am Feb 26, 2015 9:34am
Quoting YvetteTeo
Dollar index has broken triangle top, higher highs in play now.
Damn, closed some of my NZD shorts too early then But, better save than sorry I guess.
  • #89,414
  • Feb 26, 2015 10:03am Feb 26, 2015 10:03am
Quoting n00b
{quote} Damn, closed some of my NZD shorts too early then But, better save than sorry I guess.
Always better safe than sorry. But if you were in the green, could consider partial TP than full TP. Just a suggestion.
Luck shines on the positive.
  • #89,415
  • Feb 26, 2015 10:05am Feb 26, 2015 10:05am
Quoting YvetteTeo
Dollar index has broken triangle top, higher highs in play now.
Yeah but before this we broke a bullish flag and didn't manage to continue. I wouldn't be surprised if USD finds a top and perhaps consolidate in a rectangular fashion this time around.
  • #89,416
  • Feb 26, 2015 10:08am Feb 26, 2015 10:08am
Quoting Roachling
{quote} Yeah but before this we broke a bullish flag. I wouldn't be surprised if USD finds a top and perhaps consolidate in a rectangular fashion this time around.
Absolutely, especially since we ain't got more news or volatility till aussie/tokyo open. And we also have GDP and PCE tomorrow, it's going to be another possibility of a roller coaster ride.
Luck shines on the positive.
  • #89,417
  • Feb 26, 2015 10:13am Feb 26, 2015 10:13am
Quoting YvetteTeo
{quote} Always better safe than sorry. But if you were in the green, could consider partial TP than full TP. Just a suggestion.
Thanks for the tips, very appreciated

I indeed closed some, letting run the rest with SL at BE. Also hedged it with some GBP longs for a quick scalp.

BTW, do you trade AUDNZD? I am finding this current level interesting.
  • #89,418
  • Feb 26, 2015 10:28am Feb 26, 2015 10:28am
Quoting n00b
{quote} Damn, closed some of my NZD shorts too early then But, better save than sorry I guess.
NzdUsd is refusing to fall though through all of this so maybe you still have a chance to get on the bus
If you think you can or cannot do it you are correct
  • #89,419
  • Feb 26, 2015 11:09am Feb 26, 2015 11:09am
Quoting buytosell
{quote} maybe USD mess up with your plan?
My plan worked 100%. It went to 0.79060 from 0.76x and then crashed as predicted.
  • #89,420
  • Feb 26, 2015 11:35am Feb 26, 2015 11:35am
Quoting palinco
{quote} I said it yesterday. Now expecting the second part.
100% came to pass. See my previous statements.
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