AUD/USD

Long-term resistance on daily, from here I reckon either a drop or it flies to 80c. Friday trading is usually volatile, really interesting to see what will happen.

Seems like it just won't go down on the 1m, however the trend is narrowing, more so on the bottom.

Something's about to happen....

I guess I was wrong.

Pending Short at 7847, tp sub 75

Don't wanna miss such an opportunity. I'm going to open a sell at 0,7780 with stop-loss at 0.7790 and target at 0.7600.
https://charts.mql5.com/7/573/audusd...ital-ltd-2.png

with a 10 pip sl, your're definately going to get stopped out almost as soon as u enter the trade, you need to give the trade some room to breathe, perhaps you meant 7890 sl

On the daily, looks like it's failed to hold above the downtrend. I have shorts positioned from 776 to 781 ready to go, aiming around 76. Looking to exit if it manages to keep above 78 on the week.

A possible scenario on the daily chart...

Head and Shoulder formation on the hourly chart.... Anticipating right shoulder is equal left shoulder.

On the hourly chart, Aud/Usd is trading in a range between 0.7766 - 0.7821. When Monday opens....if price starts moving lower and breaks out of the range, I'm anticipating price to test and hold above 0.7738-40. If price holds, it could make a last retracement up to either 0.7792 or 0.7818-22 before making new lower lows... (a break below 0.7738-40). I prefer to trade @ 0.7818/22 as i could have a tighter stop just above the highs @ 0.7742 and more room for profit taking.

Daily Chart Swing points observation/Analysis.

MY final Analysis on the hourly chart.

http://www.bloomberg.com/news/articl...erve-ratio-cut

Interesting
Where do you think it will open ?

http://www.bloomberg.com/quote/AUDUSD:CUR

OUCH !

Why is this stimulus news so good for the AUD ?

China is Australia's major trading partner.

I'm expecting a drop for the aud at another attempt in the 7839 area, thoughts?

end of 5 or more one PUMP and resistance test

Ive been backing another drop beyond 0.76 for days now. Wou like to add another lots if we see 0.7820 again gives 0.7850 as a stoploss

Still holdin 2 lots from 0.7824 with no sl

Bearish on AUD keeping in mind that RRR cut policy by china is applied only because the RPOC thinks that their is growth slack in their economy, its just another Quantitative easing program with of course different wordings, I see that china slow growth like GDP falling below 7 % and 7% is only achieved because of feb RRR cut by 50 bps and now after this the GDP will increase abit as Agricultural program is supported, but it wont stay for long, china is losing itspace of growth and that certainly make AUD bearish......