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AUD/USD

  • #96,901
  • May 2, 2016 9:04am May 2, 2016 9:04am
Quoting 10cents
{quote} I will be extremely cautious selling into this support...... You can test drive a short and let us know the result of your 4 hour symmetrical triangle strategy.
I would not sell before break in spot forex.

I do have a rather large option trade i got into much too early though LOL. Hopefully that pans out
  • #96,902
  • May 2, 2016 9:08am May 2, 2016 9:08am
Quoting Trendzalore
{quote} I would not sell before break in spot forex. I do have a rather large option trade i got into much too early though LOL. Hopefully that pans out

Yea whatever works for you...... i don't trade options so know nutz about it.

Generally it is a broad selling of USD....... so suspect we may get a move upwards this week..
We may very well see prices just swinging within this 7550 - 7900 range for a while before the next trigger.
  • #96,903
  • May 2, 2016 3:30pm May 2, 2016 3:30pm
Attached Image


should we expect any surprising rate change?
  • #96,904
  • May 2, 2016 5:47pm May 2, 2016 5:47pm
Price is moving up, I expect 0.772 to be the next target. I'm long for the RBA.
  • #96,905
  • May 2, 2016 5:59pm May 2, 2016 5:59pm
small set up - bulls have a valid 0.772x minimal coming, maybe 0.778... larger scale they still want 0.799x/800​
  • #96,906
  • May 2, 2016 6:03pm May 2, 2016 6:03pm
Market evenly poised


Attached Image
  • #96,907
  • May 2, 2016 9:02pm May 2, 2016 9:02pm
Stevens has been reluctant to talk about Aud recently for the past months, instead most of the speeches given were about how resilient the economy is and how growth is slow but steady. Therefore i doubt there will be any rate cut, personally i will only look for a Buy entry. has been stocking up my positions between .7580 to .7600, let's see!
  • #96,908
  • May 2, 2016 9:17pm May 2, 2016 9:17pm
Market backing off a touch this morning.
Implied chance of a cut to 1.75% falling from 53% to 43%
  • #96,909
  • May 2, 2016 9:28pm May 2, 2016 9:28pm
Lets see Glens speech will go something like this:
We'll keep rates on hold as the deflation was caused by lower commodities in last qtr. Its noew recovering so lets wait and see the impact on the next cpi. With employment low (due to lack of participation rather than more jobs - lets keep that secret) and growth increase (thats a 2015 figure) we see no reason to cut.
But we will monitor closely as a higher dollar puts pressure on the prospective growth markets of Australia so we may need to intervene if thats becomes out of hand.
  • #96,910
  • Edited 10:07pm May 2, 2016 9:41pm | Edited 10:07pm
Someone else had pointed out that the negative CPI print couldn't be relied on as it's largely due to oil price weakness in the first months of this year, which has now stabilized a bit. Thinking that RBA will recognize this and not only will not cut rate, but also remain neutral overall, akin to Fed. But am kind of surprised A/U already moved up quite nicely prior to Tuesday. Was thinking that the big players would be targeting shorts all day Monday in the .75xxs in advance of taking it up nicely -- unless of course, they're aware of something and looking to do the exact opposite!
Enter Signature
  • #96,911
  • May 2, 2016 10:15pm May 2, 2016 10:15pm
Quoting san99
Was thinking that the big players would be targeting shorts all day Monday in the .75xxs in advance of taking it up nicely -- unless of course, they're aware of something and looking to do the exact opposite!
There was nobody to target on Monday because volume was almost non-existent on the down move yesterday due to the holiday.
  • #96,912
  • May 2, 2016 10:40pm May 2, 2016 10:40pm
For Aud news in moments time:

Sell Audusd


H4 timeframe
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  • #96,913
  • May 2, 2016 10:55pm May 2, 2016 10:55pm
My take on AUDUSD
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  • #96,914
  • May 2, 2016 11:18pm May 2, 2016 11:18pm
10 mins more! anyone got tips on fast reading of the RBA statement? haha
  • #96,915
  • May 2, 2016 11:27pm May 2, 2016 11:27pm
Quoting giggsy
10 mins more! anyone got tips on fast reading of the RBA statement? haha
buy
trading on demo is not trading
  • #96,916
  • May 2, 2016 11:30pm May 2, 2016 11:30pm
Quoting enzo2325
{quote} buy
LOL!!
  • #96,917
  • May 2, 2016 11:32pm May 2, 2016 11:32pm
Quoting acit
For Aud news in moments time: Sell Audusd H4 timeframe {image}
ohhh yeahh..

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  • #96,918
  • May 2, 2016 11:33pm May 2, 2016 11:33pm
Quoting giggsy
10 mins more! anyone got tips on fast reading of the RBA statement? haha
unreal they cut. Funny enough I sent them an email 2 weeks ago explaining to them why they need to cut and I actually got a reply.

I see back to .72 by end of the week
20 Pips a day keeps centerlink away
  • #96,919
  • May 2, 2016 11:34pm May 2, 2016 11:34pm
Lol, big smile, biiiiiiig smile

Wait until lose AAA rating before another rate cut?? I didn't think they could be that stupid...
Come with me if you want to live....
  • #96,920
  • May 2, 2016 11:35pm May 2, 2016 11:35pm
The up move all day Monday into Tuesday in Asia was indeed too good to be true. Hopefully it gave the longs time to BE or cut any losses incurred during last week's drop to .757x, if not end positions in black. Fortunately I'd closed out on my E/A and A/C short and longs in NY Monday.
Probably London will take this to 0.755 at least.
Enter Signature
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