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AUD/USD

  • #97,401
  • May 24, 2016 9:04pm May 24, 2016 9:04pm
AUD .7180

Another bad number for Australia, this time for construction work.

Its only a matter of time before something gives ..
  • #97,402
  • May 24, 2016 10:38pm May 24, 2016 10:38pm
Aussie press: ANZ says fading AAA allure could send $A towards US50¢
http://news.forexlive.com/!/aussie-p...-us50-20160525
  • #97,403
  • May 24, 2016 11:17pm May 24, 2016 11:17pm
Quoting roger44
Aussie press: ANZ says fading AAA allure could send $A towards US50 http://news.forexlive.com/!/aussie-p...-us50-20160525

Now that's a bear!

  1. "AUD remains overvalued, higher than fundamentals would normally allow
  2. Says this is due partly to the Triple A credit rating
  3. AUD could head towards US50¢ if it loses its de facto 'safe-haven' AAA status"

  • #97,404
  • May 24, 2016 11:44pm May 24, 2016 11:44pm
add the talking up USA interest rates prob going up in june/july, looking sell the peaks for a while
  • #97,405
  • May 25, 2016 12:03am May 25, 2016 12:03am
Quoting Blackopal
{quote} Now that's a bear! "AUD remains overvalued, higher than fundamentals would normally allow Says this is due partly to the Triple A credit rating AUD could head towards US50 if it loses its de facto 'safe-haven' AAA status"
That's a huge IF
TE started 6/4/19
  • #97,406
  • May 25, 2016 12:11am May 25, 2016 12:11am
Quoting Marz30
{quote} That's a huge IF
I think it's also headline grabbing and carefully chosen words. 'head towards US50' comes true if it moves from 72 to 71 and is very different from 'will reach 50c' or 'will reach 50xx' that most would associate with the statement.
Hope for the best, prepare for the worst.
  • #97,407
  • May 25, 2016 12:17am May 25, 2016 12:17am
Even the fact that its being mentioned (Australia losing AAA) doesn't bode well.
  • #97,408
  • May 25, 2016 12:20am May 25, 2016 12:20am
Quoting dab
{quote} I think it's also headline grabbing and carefully chosen words. 'head towards US50' comes true if it moves from 72 to 71 and is very different from 'will reach 50c' or 'will reach 50xx' that most would associate with the statement.

Good point dab. Presumably ANZ is short AUD. The last little high on the 4H was .7225, previous more convincing high was .726. I think it needs to break and hold above .726 before we can consider possible reversal. I still expect lower and intend to keep today's short longer term if it doesn't get stopped out at .7233
  • #97,409
  • May 25, 2016 12:39am May 25, 2016 12:39am
When RBA is targeting the inflation rate, the reversal of this trend will not happen soon especially before aditional 2 cuts.
  • #97,410
  • May 25, 2016 1:37am May 25, 2016 1:37am
i keep telling u guys, buy buy
  • #97,411
  • May 25, 2016 1:41am May 25, 2016 1:41am
go for it, buy all you wish so I can sell about 0.727-0.73 for the ride back down to congestion
  • #97,412
  • May 25, 2016 1:56am May 25, 2016 1:56am
no resistance
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD_D1.gif Size: 191 KB
  • #97,413
  • May 25, 2016 3:25am May 25, 2016 3:25am
I think it's time for longs too, the bearish trend is getting exhausted.
  • #97,414
  • Edited 6:00am May 25, 2016 4:48am | Edited 6:00am
Quoting mlawson71
I think it's time for longs too, the bearish trend is getting exhausted.
From an Elliot waves theory standpoint, the structure that has risen since yesterday doesn't look very good, meaning that it has overlaps already. Firstly, I thought it was a leading diagonal but the wave-3 was the shortest, so it's either zig-zag/double zig zag or a complex correction, therefore, we will see some falling in price in the short term. My guess is that a fall in the 0.7185-0.7165 area will trigger massive selling once again.
When BOC will announce the interest rate, the things could go wild for AUD/USD, given the fact that the Aussie is very sensitive to such a news no matter the outcome of the news.

1) Double zig-zag if the price goes above that 0.72052 level

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM52.png Size: 41 KB


2) Triangle or flat if the price goes above the 0.72052 level and then falls bellow 0.71815

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM53.png Size: 40 KB


3) Ending diagonal if the price doesn't go above 0.72052 and falls violently to the towards 0.71441

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM54.png Size: 37 KB


4) Larger-degree complex correction

Hopefully, I've been helpful with this theories.
  • #97,415
  • May 25, 2016 5:08am May 25, 2016 5:08am
Quoting magicpips
i keep telling u guys, buy buy
Since like 78?
Don't get mad, get even!
  • #97,416
  • May 25, 2016 5:22am May 25, 2016 5:22am
Quoting stulic
{quote} Since like 78?
idiot u are,show me the post than jesus
  • #97,417
  • May 25, 2016 5:33am May 25, 2016 5:33am
Quoting magicpips
{quote} idiot u are,show me the post than jesus
Thanks. You show me the posts where you're telling us to buy buy and your reasoning for it, if you can't do that, at least tell me your reasoning for saying it now to buy buy.
Don't get mad, get even!
  • #97,418
  • May 25, 2016 5:41am May 25, 2016 5:41am
Why u guys just arguing for nothing like kids here? Jusk post usefull stuff please Charts, fundamentals....
Chief Member of 220 mph Riders Club...
  • #97,419
  • May 25, 2016 5:54am May 25, 2016 5:54am
Quoting kanji
Why u guys just arguing for nothing like kids here? Just post useful stuff please Charts, fundamentals....
What is your opinion regarding my Elliot wave theories from this post:

http://www.forexfactory.com/showthre...97#post8944797
  • #97,420
  • May 25, 2016 6:01am May 25, 2016 6:01am
Fundies have driven this pair from 1.10 to where we are here and this monthly chart shows what can happen in months and years to come.
Now 0.7200 is obviously not just a random level as you can clearly see, and is below this very long term TL as well. Take your pick after you disseminate both US and AU economic situations at present and it's outlook for the near future.
I can even see 50c and lower, some will see a big rebound and look for 80c and more. Good luck is all I can say, you will lose all your money.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDMonthly.png Size: 48 KB
Don't get mad, get even!
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