AUD/USD

NZ Dollar to Pressure the Pound as Hedge Funds Chase GBP-NZD Lower
Category: NZD
Last Updated: 13 April 2015
https://www.poundsterlinglive.com/nz...erling-3334242

Chart by Trading Central


https://private.tradingcentral.com/c...0413203800.GIF

This pair is setup for the mother of all stop hunts.

AU........?
mr anil...

reselling at 0.7645...

i think buyers are active

A new buying point at 0.7620 (?) to boost up to 0.7670 and touch the trendline and the 61.8 fib?

Looks like price soon to test 0.7580/81 support levels and could see a nice bounce from there.

So, your trade is losing?

Did I say it wrong? Of course as price was approaching to my buy zone 0.7580/81, I was definitely looking to go long.

AU long @ 0.75763 with hedge

covered @ 0.75871 with 20+ nominal pips. quick job, done for today...

Even if the pair's immediate up-move seems capped by the descending trend-line resistance, near 0.7630, the 0.7560 horizontal support is likely restricting further downside of the AUDUSD.

any reason for this slight aussie strength, looks like it will stay bid today - i was expecting continue weakness today particulary after weaker chinese data - any opinons- thanks

Stop run to above the latest 4H high (0.765) followed by a drop. This is the scenario I'm expecting for now

Bear in mind that we are at the 3M uptrend, don't go aggressive on the shorts. As FX_Anil said, a support is building even on the Daily

I think it's high time to open a buy. The pair's unlikely to go down before reaching 0.7650.
Going to set up a stop-loss at 0.7580.
https://charts.mql5.com/7/553/audusd...apital-ltd.png

with news coming up what you think might happen

hey guyz can anyone tell me aud news should be positive for audusd pair or negative? thank you

Not going to say employment news will be positive or neg, but on the ground jobs are fading, if the ongoing employment figures are positive they will be purely fabricated, (which they kind of are anyway to get the desired end result). FIFO, oil and gas declining and as this is a large portion of the back bone of Aus and motoring manufacturing shutdowns yet to hit, the latter could be over a longer period.

If the employment figures are positive I can only see it being short lived.

And we're off?