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AUD/USD

  • #96,341
  • Apr 11, 2016 10:46pm Apr 11, 2016 10:46pm
Quoting Fx_Anil
Having bounced from 0.7485-90 horizontal support, the AUDUSD presently challenges to short-term descending trend-line, a break of which, at 0.7600 now, can quickly trigger its rise to 0.7655 and 0.7725. {image}
Right you are 0.76555 it is
Attached Image (click to enlarge)
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It takes a lot for me to IGNORE you, but you can try.
  • #96,342
  • Apr 11, 2016 11:24pm Apr 11, 2016 11:24pm
Quoting Erebus
{quote} Right you are 0.76555 it is {image}

Thanks
  • #96,343
  • Apr 12, 2016 5:15am Apr 12, 2016 5:15am
Looks increasing likely that AU is going to peak out around 7850 - 8000.
Think the big bears will be very happy to see the pair hit that region.

I think there is a target locked in around 7250......... let's see if we get there after topping out after 7850.
  • #96,344
  • Apr 12, 2016 9:48am Apr 12, 2016 9:48am
Quoting 10cents
Looks increasing likely that AU is going to peak out around 7850 - 8000. Think the big bears will be very happy to see the pair hit that region. I think there is a target locked in around 7250......... let's see if we get there after topping out after 7850.
Let's make sure it gets there first. Right now it's still struggling to reach 7650. No news, no numbers today so everybody is just playing. It's only 10+ am and there is almost no PA.
Make your losses in demo. Earn your profits live.
  • #96,345
  • Apr 12, 2016 10:01am Apr 12, 2016 10:01am
Quoting Forexia
{quote} Let's make sure it gets there first. Right now it's still struggling to reach 7650. No news, no numbers today so everybody is just playing. It's only 10+ am and there is almost no PA.

The numbers aren't intraday targets. My system isn't heavily backtested, so the numbers may not be accurate.

I'm prepared for the pair to do a 78xx or even a 79xx print which may be what the bears need to drive it down.
  • #96,346
  • Apr 12, 2016 10:25am Apr 12, 2016 10:25am
I think the bears who shorted GU support at around 1.41 are going to get the same treatment....... took a quick glance and it looks like the 1.455 target is still intact.
  • #96,347
  • Apr 12, 2016 6:37pm Apr 12, 2016 6:37pm
took a short from 7657 a few hours ago targeting a scalp of 15-20pips to the lower trend line at least. Although it has risen +27pips against me now not gonna close out yet. A few possible negative scenarios for the aud today with Aussie consumer confidence and China numbers at 0200gmt. Will close out only if these numbers push aud higher. Overall looking for a retrace towards lower 76xx levels before deciding which direction. 7850 looks possible but not definite. Aud always seems more ready to fall...despite the recent gains the Bears still seem to lurk everywhere when you least expect it
  • #96,348
  • Apr 12, 2016 7:05pm Apr 12, 2016 7:05pm
Quoting ell3
took a short from 7657 a few hours ago targeting a scalp of 15-20pips to the lower trend line at least. Although it has risen +27pips against me now not gonna close out yet. A few possible negative scenarios for the aud today with Aussie consumer confidence and China numbers at 0200gmt. Will close out only if these numbers push aud higher. Overall looking for a retrace towards lower 76xx levels before deciding which direction. 7850 looks possible but not definite. Aud always seems more ready to fall...despite the recent gains the Bears still seem...
Where did you get a time for China news from? FF calendar just has 'tentative'
Hope for the best, prepare for the worst.
  • #96,349
  • Apr 12, 2016 7:32pm Apr 12, 2016 7:32pm
Westpac consumer sentiment down 4% ? WTF Yet NAB Business confidence up yesterday ...

As Chris Isaac's says .. Somebody's lyin ..!
  • #96,350
  • Apr 12, 2016 7:36pm Apr 12, 2016 7:36pm
Election this year... lies will be thick.
  • #96,351
  • Apr 12, 2016 7:50pm Apr 12, 2016 7:50pm
And budget to be released soon, not sure of date. The incumbent government has come up with one unpopular idea after another, and has tested them with "leaks", then discarded for another ill considered whim. Now they have left the population awaiting the final version in "the budget". I have absolutely No faith that they will come out with a balanced well formulated strategy. It's hard to imagine a consumer who would.
  • #96,352
  • Apr 12, 2016 9:02pm Apr 12, 2016 9:02pm
And the bad news keeps on coming for Australia

http://www.marketwatch.com/story/chi...low-2016-04-12

Lets see what the Chinese data has installed for us today

On a side note .. apparently our new non mining services are Tourism and Education to take up the resources sector slack.

So nothing has changed then.

Australia is expensive compared to other tourist destinations and with a rising currency other countries will be more appealing .

Education well say no more

The shemozzle can be read here http://www.smh.com.au/comment/austra...11-go3cl4.html
  • #96,353
  • Apr 12, 2016 9:11pm Apr 12, 2016 9:11pm
Quoting lasty
And the bad news keeps on coming for Australia http://www.marketwatch.com/story/chi...low-2016-04-12 Lets see what the Chinese data has installed for us today On a side note .. apparently our new non mining services are Tourism and Education to take up the resources sector slack. So nothing has changed then. Australia is expensive compared to other tourist destinations and with a rising currency other countries will be more appealing . Education well say no more The shemozzle can...
cny data already announced on bloomberg trade balance slightly worse imports lower. This is what caused move on aud.
20 Pips a day keeps centerlink away
  • #96,354
  • Apr 12, 2016 9:23pm Apr 12, 2016 9:23pm
Quoting PaulDaemon
{quote} cny data already announced on bloomberg trade balance slightly worse imports lower. This is what caused move on aud.
Exports up. Means more manufacturing. Means more raw material. Aus has lots of that.Data is skewed an could be seen as a recover from preious qte when manufacturing in China was stopped for Chinese new year.
  • #96,355
  • Apr 12, 2016 9:26pm Apr 12, 2016 9:26pm
Quoting redalert
{quote} Exports up. Means more manufacturing. Means more raw material. Aus has lots of that.Data is skewed an could be seen as a recover from preious qte when manufacturing in China was stopped for Chinese new year.
Yes agree.

If you read the last rba statement they noted they are aware that the recent commodity up swing is only temporary.
20 Pips a day keeps centerlink away
  • #96,356
  • Apr 12, 2016 9:35pm Apr 12, 2016 9:35pm
I'm just excited to get to 7850. Hope it happens next week. Then I'll give it a big sell!
  • #96,357
  • Apr 13, 2016 1:40am Apr 13, 2016 1:40am
Quoting dejcire13
I'm just excited to get to 7850. Hope it happens next week. Then I'll give it a big sell!

Let's just wait for 7850.....if it gets there then i will be selling too. May take some time for this to grind up and after which the USD bulls will be back.
  • #96,358
  • Apr 13, 2016 3:59am Apr 13, 2016 3:59am
8050 a better level to short imo. 7050 only about 170 pips away from where we are and currently to in consolidation, the size of the consolidation easily could push pass that. 8050 about 370 away also monthly down trend line around that area, the purple line.
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  • #96,359
  • Apr 13, 2016 5:47am Apr 13, 2016 5:47am
Quoting 10cents
{quote} Let's just wait for 7850.....if it gets there then i will be selling too. May take some time for this to grind up and after which the USD bulls will be back.
Do you think it will retest 7500 before heading to 7850?
  • #96,360
  • Apr 13, 2016 6:25am Apr 13, 2016 6:25am
Quoting galvcore
{quote} Do you think it will retest 7500 before heading to 7850?
I think the actual support is around 7550 -7580, it just happen to swing around that level on the previous dip. Can't say for sure if it will retest that level again, but i believe the support will hold before getting 78xx.
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