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AUD/USD

  • #91,021
  • Jul 4, 2015 3:18am Jul 4, 2015 3:18am
Can someone explain how the yes or no greek vote would affect the aussie?
  • #91,022
  • Jul 4, 2015 7:39am Jul 4, 2015 7:39am
Quoting ash1485
Can someone explain how the yes or no greek vote would affect the aussie?
A yes vote would make the euro stronger against other currencies including the aussie
A no vote would make the euro weaker against other currencies including the aussie
  • #91,023
  • Jul 4, 2015 8:20am Jul 4, 2015 8:20am
Quoting fxtrader08
{quote} A yes vote would make the euro stronger against other currencies including the aussie A no vote would make the euro weaker against other currencies including the aussie
Im not convinced by this, I consider it may well be the other way around !
  • #91,024
  • Jul 4, 2015 6:29pm Jul 4, 2015 6:29pm
US$ strength, local and chinese economics are the most important factors for aussie.
Greek vote "yes", Aussie may gap up a little bit, but fall down again in the day!
Greek vote "no", I do not what happens for Aussie, but fall down quickly in the day!

No Matter "yes" or "no", US$ is the only winner!
  • #91,025
  • Jul 4, 2015 8:25pm Jul 4, 2015 8:25pm
Better to work out Tuesday than worry about Greeks problems, IMHO
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It takes a lot for me to IGNORE you, but you can try.
  • #91,026
  • Jul 4, 2015 8:27pm Jul 4, 2015 8:27pm
Quoting Sunnybeach
US$ strength, local and chinese economics are the most important factors for aussie. Greek vote "yes", Aussie may gap up a little bit, but fall down again in the day! Greek vote "no", I do not what happens for Aussie, but fall down quickly in the day! No Matter "yes" or "no", US$ is the only winner!
A 'no' would mean global insecurity, and usually that means a flight from risk currencies and unwinding of AUDJPY carry trades resulting in drop in AUD.
  • #91,027
  • Jul 5, 2015 12:59am Jul 5, 2015 12:59am
"Yes" or "No", one thing is guaranteed: Market makers will be paying some bills when the market opens
Pride always comes before destruction.... -Proverbs 16:18
  • #91,028
  • Jul 5, 2015 1:15am Jul 5, 2015 1:15am
Quoting Erebus
Better to work out Tuesday than worry about Greeks problems, IMHO {image}
Agreed. I think more or less the "no" vote of Greek referendum has already priced in AUD weakness last week. It's more advisable to focus on Tuesday's RBA meeting and Thursday's unemployment figure.
  • #91,029
  • Jul 5, 2015 1:20am Jul 5, 2015 1:20am
Yep, got to have a plan, give the bottom pickers a day and a half to get back to resistance, just in time for the news
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It takes a lot for me to IGNORE you, but you can try.
  • #91,030
  • Jul 5, 2015 1:25am Jul 5, 2015 1:25am
Quoting Erebus
Yep, got to have a plan, give the bottom pickers a day and a half to get back to resistance, just in time for the news {image}
More or less the same... Those buyers may have a false hope of the pair spiking over 76 yet the story might be totally different
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  • #91,031
  • Jul 5, 2015 3:07am Jul 5, 2015 3:07am
Quoting forexings
I hate to trade this pair because of stubborn bullish/correction calm harmony dance. It's pathetic and sometimes misguiding with fake rebound.
Haha more than a year after you've posted this I couldn't agree with you more. AUDUSD is such a shit pair to trade now
  • #91,032
  • Edited 4:44am Jul 5, 2015 3:40am | Edited 4:44am
Safest play would be to distribute buying across price and time if you believe in longer term up move. But that's kind of overkill unless you are trading big money.

Everything points that it's time to be bullish, once the time is right - it's a bit of "catch the falling knife" still. If it turns up, try to catch retracements and exit if it fizzles down. Leave the knives and forks to those with deep pockets / buy hold.

If it goes to 0.755, then I'd look for buy but I wouldn't try to force it - some of my indicators say we could see 0.74 possibly less - particularly if eur/usd has bears around 1.14-1.15.
  • #91,033
  • Jul 5, 2015 9:08am Jul 5, 2015 9:08am
I will prefer pending sell order in my opinion @0.74757 ish for about 250pips on daily basis chart

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Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #91,034
  • Jul 5, 2015 1:47pm Jul 5, 2015 1:47pm
Quoting Almo2312
I will prefer pending sell order in my opinion @0.74757 ish for about 250pips on daily basis chart {image}
If you want to go short I'd be very surprised if you can't get a better entry than 7475ish. Patience required
Hope for the best, prepare for the worst.
  • #91,035
  • Jul 5, 2015 4:21pm Jul 5, 2015 4:21pm
Well we didn't open with a gap up but that's alright because we are only down around 20 pips since Friday, with RBA holding in interest rate tomorrow I will be in profit again.

Just because it dropped below 0.7600 support doesn't mean we will go all the way down to .07100 so easily, every 50 pips down is a strong support and sooner or later AUD will be back above 0.7700 again.
  • #91,036
  • Jul 5, 2015 6:46pm Jul 5, 2015 6:46pm
Quoting Vorex
Well we didn't open with a gap up but that's alright because we are only down around 20 pips since Friday, with RBA holding in interest rate tomorrow I will be in profit again. Just because it dropped below 0.7600 support doesn't mean we will go all the way down to .07100 so easily, every 50 pips down is a strong support and sooner or later AUD will be back above 0.7700 again.
Hi, I am new to this pair so I was looking for some insight. By what you said, looking at the sentiment and the 4 hour RSI everything seems to indicate a possible bounce upwards. However, I see such a bearish trend that I am not sure whether I should wait for it to come down to the .07200 or .07100 levels in order to buy or go in now and hold even though it drops.

Also, if the RBA meets its forecast of 2.00% would this be positive of negative for the pair?

Thanks
  • #91,037
  • Jul 5, 2015 9:39pm Jul 5, 2015 9:39pm
My current view is that with so much recent focus on Greece not much attention has been given to the big week for AUD (rates and employment). As a result I don't think the market is pricing the rate decision (which is almost completely likely to be a hold and see) correctly so we might see a spike up to 7600. Having said that the AUD almost always acts strangely when it comes to interest rate decisions so be prepared as always and don't turn your trading into gambling!
  • #91,038
  • Jul 5, 2015 10:01pm Jul 5, 2015 10:01pm
Hi banana,
I do like your name. I was raised on a banana property outside Mullumbimby as a child.Currently have bananas in the kitchen.
Ronald
Ronnie Renko
  • #91,039
  • Jul 5, 2015 10:02pm Jul 5, 2015 10:02pm
They are one of the greatest fruits!
  • #91,040
  • Jul 5, 2015 10:10pm Jul 5, 2015 10:10pm
Quoting Ced74
Hi banana, I do like your name. I was raised on a banana property outside Mullumbimby as a child.Currently have bananas in the kitchen. Ronald
Local

FNC myself.
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