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AUD/USD

  • #92,541
  • Oct 8, 2015 7:42pm Oct 8, 2015 7:42pm
It's highly possible we could reach 75c. But I wonder if that will sit well with the RBA...they could do some talk or change their approach to keep a lid on it? the climb has been rather quick. I won't be surprised if we're at 74cents next week!
  • #92,542
  • Oct 8, 2015 8:46pm Oct 8, 2015 8:46pm
Quoting jaynice
double top on the minute .72726 chart just triggered a down trend get ready. happy trading
I prefer to see AUD drop, but it could go to 0.75 so becareful...
Forex as Leverage
  • #92,543
  • Oct 8, 2015 8:57pm Oct 8, 2015 8:57pm
Quoting Chanlie
{quote} I prefer to see AUD drop, but it could go to 0.75 so becareful...
Yeh me 2 because I want EURAUD to go up !

Took the nice 100 pip profit yesterday before the big drop lol.....

If AU drops its good for my EURAUD long trade so yeh fingers crossed !
  • #92,544
  • Oct 8, 2015 9:08pm Oct 8, 2015 9:08pm
Just rejected of a major resistance level....see how it plays need a stronger move down to confirm.....
  • #92,545
  • Oct 8, 2015 9:45pm Oct 8, 2015 9:45pm
Didn't close out my trade earlier on as i felt the bulls still had fuel to run. Held on, penetrated horizontal resistance. Once there is a clear decisive break through, well, all i can say is .74, .75 isn't impossible to reach next week judging from the way it is running up. Nonetheless, prices do not move in one straight line, expect retracements along the way.
Overall general trend = Bearish.
Short term trend= Very BULLISH.

Updated: Prices broke through horizontal resistance as i type now.

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updated chart. Break through! 5m chart

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  • #92,546
  • Oct 8, 2015 9:56pm Oct 8, 2015 9:56pm
should be some resistance around .7360
  • #92,547
  • Oct 8, 2015 10:06pm Oct 8, 2015 10:06pm
I'm targeting a TP at 7300, expecting more profit taking before the weekend and a slower climb today. Hoping it retraces back to 7270ish levels again for a reload to start next week
  • #92,548
  • Oct 8, 2015 10:10pm Oct 8, 2015 10:10pm
Longer term its headed much lower, but aussie may continue to catch near-term bid. targeting 0.73500.
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  • #92,549
  • Oct 8, 2015 10:16pm Oct 8, 2015 10:16pm
Quoting postino
Longer term its headed much lower, but aussie may continue to catch near-term bid. targeting 0.73500. {image}
Don't be so sure about that.
It's ripping it up right now, probably on its way to 75 or 76c

Waiting for a real pullback.. but it's so bullish we might not even get one until .7320

I have medium term positions I won't close until December.
Attached Image
Be hopeful in a winning position, and fearful in a losing position.
  • #92,550
  • Oct 8, 2015 10:26pm Oct 8, 2015 10:26pm
Quoting Rag2RichesFX
{quote} Don't be so sure about that. It's ripping it up right now, probably on its way to 75 or 76c Waiting for a real pullback.. but it's so bullish we might not even get one until .7320 I have medium term positions I won't close until December. {image}
The best pair to carry trade for sure. Haha, no wonder you are going to hold it until December.
  • #92,551
  • Oct 8, 2015 10:28pm Oct 8, 2015 10:28pm
Has been finding a bottom around 0.7000 since early september. Range could be .70-.80 for a number of years...circa 2004 - 2007
  • #92,552
  • Edited 10:45pm Oct 8, 2015 10:28pm | Edited 10:45pm
Quoting Rag2RichesFX
{quote} Don't be so sure about that. It's ripping it up right now, probably on its way to 75 or 76c Waiting for a real pullback.. but it's so bullish we might not even get one until .7320 I have medium term positions I won't close until December. {image}
Hehehe just testing out the probabilities. Right now the boat is heavy on one side and there's currently downward pressure on the USD with the FED holding the rates.
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  • #92,553
  • Oct 8, 2015 11:12pm Oct 8, 2015 11:12pm
I prefer to be out of aud trading some days until clarification of situation, just trying small lots:

1 - we are under the strong resistance.
2 - as a rule, it should change direction just when majority believe in one trend (bull when majority bearish an vice versa)

Also, interesting picture shows oanda - http://au.oanda.com/analysis/open-position-ratios

buy orders at 0.71 and 0.70

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  • #92,554
  • Oct 9, 2015 12:01am Oct 9, 2015 12:01am
AudUsd ====> BuyStop = 73003 / TP = 73180 / SL = 72585
if this pending order opens ; set hedge with 2* lot size ===> SellStop = 72585 / TP = 72391 / SL = 73003
have a nice w.end all
do not stand out in the open with gun ;stand in the bushes with knife..
  • #92,555
  • Oct 9, 2015 12:35am Oct 9, 2015 12:35am
Quoting Lionheartfx1
{quote} Yeh me 2 because I want EURAUD to go up ! Took the nice 100 pip profit yesterday before the big drop lol..... If AU drops its good for my EURAUD long trade so yeh fingers crossed !
looks like a well overdue bounce happening atm..
  • #92,556
  • Oct 9, 2015 1:06am Oct 9, 2015 1:06am
Long GBPAUD and EURAUD Double Combo !

Especially EURAUD got a nice move from EURUSD spike - AU is retracing off the 0.73000 level.....
  • #92,557
  • Oct 9, 2015 1:09am Oct 9, 2015 1:09am
25pip drop already on AUD..
  • #92,558
  • Oct 9, 2015 1:12am Oct 9, 2015 1:12am
Quoting Lionheartfx1
Long GBPAUD and EURAUD Double Combo ! Especially EURAUD got a nice move from EURUSD spike - AU is retracing off the 0.73000 level.....
Noticed the hammer on 1h chart?
  • #92,559
  • Oct 9, 2015 1:13am Oct 9, 2015 1:13am
Quoting ell3
I'm targeting a TP at 7300, expecting more profit taking before the weekend and a slower climb today. Hoping it retraces back to 7270ish levels again for a reload to start next week
I just raised my TP aim to 7310 seeing that 7300 wasn't pushing it down. And suddenly we're down 25pips.
  • #92,560
  • Oct 9, 2015 1:22am Oct 9, 2015 1:22am
Quoting renski
{quote} Noticed the hammer on 1h chart?
Which one?

I happened to long GBPAUD when Aussie spiked down plus it was on a support so it was a valid trade. It moves like a beast this pair.

EURAUD I was long from the bottom 1.54555 and the daily trendline bounce.....the big move up was due to EURUSD so yeh got lucky I guess.....
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