AUD/USD

Quoting diavolul

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{quote} 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...

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Quoting kanji

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Thank u 4 ur charts Diavolul. Stulic, as the number 50cent you mention is very far from my vision, since i would also agree with 65cents or lower 63 maybe, what makes you think it breaks the 60 barrier and move to 50s, assuming the gold maybe preparing for a rise and i believe that this is good for miners and economy. We are already talking about a depreciation which came from 1,10$. From my view i will check if a reverse head shoulders will form around 69cents or at least some time rest before testing lower. I would like to know if you are located...

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Quoting PaulDaemon

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{quote} .50 is a possibility and isnt out of the question. I dont see any up side for quite some time.

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Quoting kanji

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Thank u 4 ur charts Diavolul. Stulic, as the number 50cent you mention is very far from my vision, since i would also agree with 65cents or lower 63 maybe, what makes you think it breaks the 60 barrier and move to 50s, assuming the gold maybe preparing for a rise and i believe that this is good for miners and economy. We are already talking about a depreciation which came from 1,10$. From my view i will check if a reverse head shoulders will form around 69cents or at least some time rest before testing lower. I would like to know if you are located...

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Quoting stulic

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{quote} I'm in the nation's capital Canberra and can see the property bubble bursting soon dragging down developers, builders, construction contractors, workers and with them the big four banks too. It's not all doom and gloom and we might have a soft landing but the shift in the economy from mining to construction was too fast and will have to correct itself in a healthy way. It means further lowering of official interest rates while tightening lending rules for speculative investment loans. Purely fundamentally speaking, the recent construction...

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Quoting kanji

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{quote} Paul, since the sharp falls complete in a smaller time period, when do you foresee this kind of price, in 6 months- 1 year? directly from here or first 80-82s then 60s?

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Quoting PaulDaemon

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{quote} Keep an eye on Australian economics, things dont look too good here. There are alot of tradesman out of work and working cheaper and cheaper just to get the job I can see wage growth decreasing rapidly in construction, which will create more deflation. This is only the start it will snow ball from here. I have seen it before. I have worked in construction for over 20 years and when the phone stops ringing, when you have to lower your price to get the job you know a recession is near. A few economists have forecast a recession starting 2016...

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Quoting skyhok

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Selling against today's top of 0.7219, target to be determined. {image}

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Quoting adetola99

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new here

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Quoting 9jatrader

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{quote} You live Nigeria?

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Quoting carlos233

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Anyone in Adelaide,Australia?

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