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AUD/USD

  • #97,001
  • May 6, 2016 4:09am May 6, 2016 4:09am
Quoting SkyrEk
{quote} Take it easy mate, the sharp down moves are probably the overcrowded longs getting burnt. Hence, the down moves are sharp and rapid. Go with the trend, you will never go wrong. Cheers!
And the trend is DOWN for the last 3 years.
  • #97,002
  • May 6, 2016 4:15am May 6, 2016 4:15am
and if the current Govt win the election (about to be called) history says it has way further to go
  • #97,003
  • May 6, 2016 4:25am May 6, 2016 4:25am
Where are all the people saying this is going to 0.79? Bloody quiet around here ha ha
  • #97,004
  • May 6, 2016 4:40am May 6, 2016 4:40am
Quoting cold chisel
{quote} And the trend is DOWN for the last 3 years.
never know where support arrives
Attached Image
  • #97,005
  • May 6, 2016 4:42am May 6, 2016 4:42am
Quoting alayinizAMK
{quote} never know where support arrives {image}
  • #97,006
  • May 6, 2016 4:51am May 6, 2016 4:51am
Solely based on candlestick combinations, one can observe the AUDUSD is approaching the key support level (2), which is simply 61.8% retracement of the March candle (the biggest bullish closing in almost 4 years). The circled area (1) represents the possible evening star formation which can strengthen bearish bias if the current month closes below 0.73. However, if the pair can resume upside movement in the next two weeks, we are most likely to see 0.80 (3), the next big figure in the coming months.
Attached Image (click to enlarge)
Click to Enlarge Name: 2016-05-06_133942_AUDUSD_Monthly.png Size: 14 KB
  • #97,007
  • May 6, 2016 4:56am May 6, 2016 4:56am
Quoting galvcore
Where are all the people saying this is going to 0.79? Bloody quiet around here ha ha
Thats what i said on another post...

They always disappear but when price was rallying the guys shorting were still here.
20 Pips a day keeps centerlink away
  • #97,008
  • May 6, 2016 5:30am May 6, 2016 5:30am
Quoting galvcore
Where are all the people saying this is going to 0.79? Bloody quiet around here ha ha
I'm one of them, I'm here, it's going higher than .79, just give it some time, all of this is just giving bears confident to short more and then boom it will go higher.
  • #97,009
  • May 6, 2016 5:37am May 6, 2016 5:37am
Quoting cold chisel
{quote} And the trend is DOWN for the last 3 years.
weekly charts give an interesting perspective.​
Attached Image (click to enlarge)
Click to Enlarge Name: AUD - 6 May 2016.PNG Size: 259 KB
  • #97,010
  • May 6, 2016 6:15am May 6, 2016 6:15am
Quoting Vorex
{quote} I'm one of them, I'm here, it's going higher than .79, just give it some time, all of this is just giving bears confident to short more and then boom it will go higher.
If labour get in power I will agree with you. and will add another 1000pips to your figure.
20 Pips a day keeps centerlink away
  • #97,011
  • May 6, 2016 6:30am May 6, 2016 6:30am
Quoting PaulDaemon
{quote} If labour get in power I will agree with you. and will add another 1000pips to your figure.
Seriously? Please elaborate.

I personally don't think Labor will win the election but regardless of who does, it won't make a shred of a difference in the currency. The Aussie is just way too much dependent on China and resources exports for any government to buckle a long term trend.

Surely the government can stuff up things badly but that's not limited to either persuasion because both will tow the same line.
Don't get mad, get even!
  • #97,012
  • May 6, 2016 7:06am May 6, 2016 7:06am
Quoting stulic
{quote} Seriously? Please elaborate. I personally don't think Labor will win the election but regardless of who does, it won't make a shred of a difference in the currency. The Aussie is just way too much dependent on China and resources exports for any government to buckle a long term trend. Surely the government can stuff up things badly but that's not limited to either persuasion because both will tow the same line.
History repeats itself.
20 Pips a day keeps centerlink away
  • #97,013
  • May 6, 2016 7:49am May 6, 2016 7:49am
AUDUSD has been in total freefall since Tuesday. My next zone of support is 0.724-0.726.
  • #97,014
  • May 6, 2016 7:57am May 6, 2016 7:57am
me right now and its friday

Attached Image
  • #97,015
  • May 6, 2016 7:59am May 6, 2016 7:59am
Look like AUD has taken support at 100 DMA, just took long at 100 DMA .7340
  • #97,016
  • May 6, 2016 9:28am May 6, 2016 9:28am
First post , but a nice trend line being tested. Lets see if it holds!
Attached Image (click to enlarge)
Click to Enlarge Name: Aud_D1.png Size: 27 KB
  • #97,017
  • May 6, 2016 10:14am May 6, 2016 10:14am
0.7310
  • #97,018
  • May 6, 2016 11:55am May 6, 2016 11:55am
Quoting fxwinnerz
Look like AUD has taken support at 100 DMA, just took long at 100 DMA .7340
Indeed, showing some signs of support on the daily. Shall see how price action behaves next week before engaging this pair once again.

Have a great weekend to all!
  • #97,019
  • May 6, 2016 12:54pm May 6, 2016 12:54pm
Quoting fxwinnerz
Look like AUD has taken support at 100 DMA, just took long at 100 DMA .7340
Going long against strong momentum? I'd rather wait for some candlestick pattern or at least bullish closing before going long
  • #97,020
  • May 6, 2016 3:10pm May 6, 2016 3:10pm
Quoting fxwinnerz
Look like AUD has taken support at 100 DMA, just took long at 100 DMA .7340
Closed trade for +28 pips, do not want to carry weekend
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