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AUD/USD

  • #91,541
  • Aug 12, 2015 6:06am Aug 12, 2015 6:06am
Quoting SkyrEk
RBA Lowe did Not talk down the Aud. Hence, more upward movement. However, take note Of PBOC tmr at GMT 0130
Agreed!
  • #91,542
  • Aug 12, 2015 7:00am Aug 12, 2015 7:00am
Quoting Goldflake
Still long biased here... something should change the game... CNYIndustrial Production y/y or RBA Deputy Gov Lowe Speaks
Posted 9 hrs back... Still aussie can go a lot higher!
When Scalpers win, I lose and Vice varsa...
  • #91,543
  • Aug 12, 2015 7:08am Aug 12, 2015 7:08am
7450/60 more likely by tomorrow!
When Scalpers win, I lose and Vice varsa...
  • #91,544
  • Aug 12, 2015 9:44am Aug 12, 2015 9:44am
Be careful buying Aussie.

Just my thoughts, as we know, a weak Yuan will make Australia's raw material more expensive, causing less demand. With lesser demand for Australia's raw material, we can expect something to happen.
The true fact is market doesn't care, risk mgt is important.
  • #91,545
  • Aug 12, 2015 6:59pm Aug 12, 2015 6:59pm
Quoting SkyrEk
I hope the longs are still in the game. Anyways, i see a good buying opportunity with good R&R currently at .7250. SL .72, TP .74 I take into account RBA is relatively fine with the current value of the AUD.
Took profit at .7386. A good 136pips of profits. No longer need to trade for the week.

Take care all!

PBOC Fixing rate again later. Zzz
  • #91,546
  • Aug 13, 2015 3:39am Aug 13, 2015 3:39am
Quoting Idkurv
Will it double bottom , or break south further? will see. but I am long now. TP 0.7400 Tight SL
It was double bottom
Currently have short position TP 0.7220
will see.
  • #91,547
  • Aug 13, 2015 3:40am Aug 13, 2015 3:40am
Quoting SkyrEk
{quote} Took profit at .7386. A good 136pips of profits. No longer need to trade for the week. Take care all! PBOC Fixing rate again later. Zzz
Congratulations SkyrEk
  • #91,548
  • Aug 13, 2015 4:54am Aug 13, 2015 4:54am
Quoting Idkurv
{quote} Congratulations SkyrEk
Thank you Idkury! May you hit your TP too!
  • #91,549
  • Aug 13, 2015 8:22am Aug 13, 2015 8:22am
Quoting Idkurv
{quote} It was double bottom Currently have short position TP 0.7220 will see.
Closed my short early at .733sh
  • #91,550
  • Aug 13, 2015 8:26am Aug 13, 2015 8:26am
Seeking to get long on AU.
Will see.
  • #91,551
  • Aug 13, 2015 9:24am Aug 13, 2015 9:24am
This pair can't stay above .74 despite several attempts. looking rather weak and testing further south.
The true fact is market doesn't care, risk mgt is important.
  • #91,552
  • Aug 13, 2015 1:30pm Aug 13, 2015 1:30pm
Released during the Asian session this morning, New Zealand manufacturing index dropped to 53.5 versus the previous of 55.10 while Australia’s Consumer inflation expectation rose 3.7% compared to the previous of 3.4%. Moreover, RBA warned investors to be on guard for unexpected fallout from China's decision to devalue the Yuan, which has triggered large shifts in exchange rates around the region. "We know that movements in exchange rates often set off a chain reaction of events which can be difficult to predict," said Reserve Bank deputy governor Philip Lowe. AUD/USD dropped yesterday to the 0.7215 area but did not remain there as the pair climbed back to the 0.7350 area, where is currently trading.

Currently the pair is trading at 0.7352. Traders must monitor the 0.7438 resistance level and the support level of 0.7215 for possible breakouts. A possible scenario would be a movement towards the 0.7300 support level where a break may lead to the 0.7265 area. An alternative scenario could be a movement towards the 0.7390 resistance level where a break could lead to the 0.7425 area.

Attached Image


  • #91,553
  • Aug 14, 2015 3:03pm Aug 14, 2015 3:03pm
what's the direction for next week?
  • #91,554
  • Aug 14, 2015 7:07pm Aug 14, 2015 7:07pm
Quoting iwillwait
what's the direction for next week?
East with a chance of price going North.
  • #91,555
  • Aug 16, 2015 5:23pm Aug 16, 2015 5:23pm
The pair is trading below 200SMA where stands around 0.7415, act as strong resistance level.
  • #91,556
  • Aug 16, 2015 6:13pm Aug 16, 2015 6:13pm
Say good bye to low prices, AUD will be heading higher after the FOMC meeting.
  • #91,557
  • Aug 16, 2015 7:50pm Aug 16, 2015 7:50pm
Quoting Vorex
{quote} At these levels AUD is a bargain and doesn't care about fundamental news. There are lot of buyers coming in. Had you bought at 0.7590 levels, and closed at 0.7690 that's 100 pips profit.
So if 77 was a bargain (of course that was the beginning of a 500 pip drop), then I guess now is the buying deal of the century? Sell the rallies until there is a clear reversal in trend
Pride always comes before destruction.... -Proverbs 16:18
  • #91,558
  • Aug 16, 2015 8:01pm Aug 16, 2015 8:01pm
Or at least wait for a break up through the descending triangle and 200MA on the 4H, otherwise I wouldn't be jumping on the buy bandwagon just yet. See unsophisticated chart below
Attached Image (click to enlarge)
Click to Enlarge Name: au.png Size: 53 KB
Pride always comes before destruction.... -Proverbs 16:18
  • #91,559
  • Aug 16, 2015 9:01pm Aug 16, 2015 9:01pm
Quoting Expo33
{quote} So if 77 was a bargain (of course that was the beginning of a 500 pip drop), then I guess now is the buying deal of the century? Sell the rallies until there is a clear reversal in trend

Even though i have a slight bias towards the long side, i will agree with you on this one. Not going to engage the longs until there is a decisive break of the trendline.
  • #91,560
  • Aug 16, 2015 9:34pm Aug 16, 2015 9:34pm
Quoting SkyrEk
{quote} Even though i have a slight bias towards the long side, i will agree with you on this one. Not going to engage the longs until there is a decisive break of the trendline.
I agree that the potential is likely to the upside, just would rather be on the sideline for now
Pride always comes before destruction.... -Proverbs 16:18
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