AUD/USD

Given the current weakness of the USD and the chart view I guess the PA is going higher (also as suggested by RTM as well).

Forex news for Asia trading Thursday 7 May 2015


It was a back to normal day for Asia FX today. Japan returned from their Monday, Tuesday and Wednesday holidays and currency rates went into hibernation.
EUR, GBP, CHF were all quietly rangebound against the US dollar.
EUR/JPY and USD/JPY, though, were a little more active, up around 30 points or so for each of them from session lows, but on little news.
AUD and NZD, though, were the stars.
For the first time since December Aussie bond yields climbed through 3% in volatile, choppy trade. The ASX remained soft.
AUD/USD drifted a little lower in the Australian morning ahead of employment data, hitting session lows around 0.7950 just prior to the data release. the headline came in at a weaker job gain than expected, and the headline unemployment rate edged higher, which saw the AUD immediately marked down to register lows around 0.7925. The revisions to the prior month, along with an expansion in hours worked though soon fed through and the AUD jumped back to around 0.7960. it chopped around here in a volatile fashion (it hit up above 0.7975 and just as quickly dropped back around 60) before beginning a steadier march higher which took it through earlier session highs and above 0.8 again, where it has stopped (as of writing).
NZD/USD followed a similar pattern, down to its lows a little earlier than the AUD and has now gained up past 0.7520 before halting (as of writing).
Gold chopped lower on the day, oil weaker also.



FXStreet (Barcelona) - Emmanuel NG, FX Strategist at OCBC Bank, notes that rate differentials post RBA continue to shift in favour of the Aussie, hence AUD/USD might try to break above the key resistance at 0.8000.

Key Quotes

“This morning, the April labor market numbers disappointed relative to prior expectations but we think the upward revisions in the previous month’s readings should quash any implied negativity. Note that rate differential movements post-RBA have also continued to shift in favor of the AUD.”

“Although China is still seen contemplating further stimulus, market chatter concerning a re-pricing of global deflation may keep the 0.8000 resistance under threat.”

back to swap trading

EUR/USD goes up, AUD/USD goes up, Eur/USD goes down, AUD/USD still goes up lol

Even if US unemployment are good, will have no effect on the AUD.

It's trying to pay a visit to 7986 for some hours now. Will expect it to do a free drop from about there. Thing is there seems to be ultra low liquidity in AU since the recent crap and you get 5-10 pip bars in M1. Lack of interest here also shows that no one cares to trade it now.

for Aud lang syne

Buy .7927, SL .7870, TP open

Thought you were short bias? I have a hole to be covered at 7878, bit close to your sl.

I was but AUD was too stubborn this week so I started buying it.

Just guessed


http://i.hizliresim.com/kkngQD.png

Depending on nfp tomorrow, we might get to the low target in 2 weeks time. Sl's now @.7091, buying above that for .83 on very bad nfp and EU breaking 1.14.

Red line is unimportant for this month atm. Depends on nfp if it goes through it.

Thank you sir, Im wait for 0.83 like you and same EU 1.14.
I cant imagine if EU take down. hah i will short AU and cover my chart and your chart. lol

On good nfp.

be serious,whisper I think good--->best nfp.
coz above news usd look like joke and fake. lol
who dont know what we said. they will be think me worng. lol
Thank you for shared.
GL nfp.

The 23%fib on the move from .9520 to .7530 has been great resistance on this recent upmove. 2 good rejections at .8075 and .8040. The daily EMA50 needs another test, currently .7820. Can't wait for the news tonight.