AUD/USD | Page 4948 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

AUD/USD

Similar Threads

EUR/GBP, EUR/USD, GBP/USD, AUD/USD, CAD, NZD, JPY, and more... 15 replies

EUR/USD, AUD/USD, and CAD/USD ready to move up 2 replies

Anyone here trading AUD/USD or USD/AUD tonight regarding AUS Home Loan Report? 1 reply

The AUD/USD 1.00 EUR/AUD 1.60 GBP/AUD 2.00 Thread! 0 replies

AUD Trade Balance and AUD Retail sales 6 replies

Attachments: AUD/USD
Exit Attachments

AUD/USD

  • #98,941
  • Sep 22, 2016 10:43am Sep 22, 2016 10:43am
Quoting galvcore
I'm probably being dense but why was 7676 a resistance point? I can't qualify it on daily or 4HR charts? I am not disputing it, would just appreciate the education :-) Cheers
a few of the heavier uptrend moves this year met significant resistance at that level on the daily chart.
if you zoom into the 2hr/1hr charts, you'll find that that level was also significant support in august on the few days when the pair went above 77cents.

the pair has been driven by fundamentals today and may still have strength to the upside. since the pair already tested 7676 twice today, the risk is that if and when it next reaches it, it may break above (and then you won't see it on the daily chart as a candle wick top).
the next visible target is 7690. not very strong, but should still provide at least 10-15pips' bounce. on the daily chart the next obvious strong resistance is 7720 after that.
Attached Image (click to enlarge)
Click to Enlarge Name: au220916b.png Size: 66 KB
  • #98,942
  • Sep 22, 2016 10:52am Sep 22, 2016 10:52am
Quoting ell3
{quote} a few of the heavier uptrend moves this year met significant resistance at that level on the daily chart. if you zoom into the 2hr/1hr charts, you'll find that that level was also significant support in august on the few days when the pair went above 77cents. the pair has been driven by fundamentals today and may still have strength to the upside. since the pair already tested 7676 twice today, the risk is that if and when it next reaches it, it may break above (and then you won't see it on the daily chart as a candle wick top). the next...
Greatly appreciated thank you!
  • #98,943
  • Sep 22, 2016 4:57pm Sep 22, 2016 4:57pm
Todays strategy
buy from zone 7580-7610
target 7720
  • #98,944
  • Sep 22, 2016 5:36pm Sep 22, 2016 5:36pm
OR buyers take out 7660 with strong demand then could buy the weakness into 76450-76500

eitherway buyside looking good today.
  • #98,945
  • Sep 22, 2016 6:31pm Sep 22, 2016 6:31pm
Quoting WolGod
OR buyers take out 7660 with strong demand then could buy the weakness into 76450-76500 eitherway buyside looking good today.
Far far will that buy opportunity go? The immediate resistance zone is only another 80 - 90 pips to the upside atm.

KP
Do your homework, follow the footprints of smart money
  • #98,946
  • Sep 22, 2016 9:50pm Sep 22, 2016 9:50pm
It seem to be waitingg for Aussie down 0.7600/0.7580 to buy again. ==' It's hard to take position with this price
  • #98,947
  • Sep 22, 2016 9:55pm Sep 22, 2016 9:55pm
Aud/cad for me is approaching good RR shorting levels.. a little better right now than AU imo..
  • #98,948
  • Sep 22, 2016 10:17pm Sep 22, 2016 10:17pm
I think we will be in a tight range today... 0.7605 - 0.7655
  • #98,949
  • Sep 23, 2016 2:06am Sep 23, 2016 2:06am
lets see if we can hit 0.76
  • #98,950
  • Sep 23, 2016 2:28am Sep 23, 2016 2:28am
Hi guys, have look at my intraday trading levels for AUD/USD. They are based mostly on volumes made by big players and price action. I also make levels for other fx pairs. Have look at my table. If you want I can send you my levels every day.
Happy trading
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 31 KB

Attached Image
  • #98,951
  • Sep 23, 2016 3:02am Sep 23, 2016 3:02am
Bought at 7620 ahead of the 50% fib retracement of the FOMC move (7556-7675). im looking for it to recover and take out the 7670-80 area. for me, it makes sense that the post-FOMC correction on the USD should be complete. doesn't seem that there's any incentive to buy the dollar any further; and if im right then the AUD should rise at least until 77c+. shall see where it goes from here.
  • #98,952
  • Sep 23, 2016 3:36am Sep 23, 2016 3:36am
Just query that why AU drops 35% at london market open time ? No special news, no incident, no attack..

Sorry for asking such a silly question. As a newbie, we have to learn from senior...
  • #98,953
  • Sep 23, 2016 5:21am Sep 23, 2016 5:21am
Quoting hongyun
Just query that why AU drops 35% at london market open time ? No special news, no incident, no attack.. Sorry for asking such a silly question. As a newbie, we have to learn from senior...
not really a senior, but i can offer a suggestion as to why -
probably profit taking....the pair has risen quite a bit this whole week. it's only natural that some traders take profit and adjust their positions on the last day of the week. these sharp movements usually happen at the london open and the NY open. likely that when NY opens later we'll see the same thing.
  • #98,954
  • Sep 23, 2016 8:46am Sep 23, 2016 8:46am
Quoting ell3
{quote} not really a senior, but i can offer a suggestion as to why - probably profit taking....the pair has risen quite a bit this whole week. it's only natural that some traders take profit and adjust their positions on the last day of the week. these sharp movements usually happen at the london open and the NY open. likely that when NY opens later we'll see the same thing.
AU shape movement happened at NY open, exactly as predicted, wow. ÂÂLearned something .
Â
Thanks for your sharing.Â
  • #98,955
  • Sep 23, 2016 10:34am Sep 23, 2016 10:34am
Isn't October the weakest month for the Aussie in the seasonal side of things?
  • #98,956
  • Sep 25, 2016 2:09am Sep 25, 2016 2:09am
It seems to me that the asset will go for breaking the upper bound after reflecting from the bottom line.

Attached Image (click to enlarge)
Click to Enlarge Name: audusd.jpg Size: 145 KB
  • #98,957
  • Sep 25, 2016 9:53am Sep 25, 2016 9:53am
Neutral in this pair.
  • #98,958
  • Sep 25, 2016 10:22pm Sep 25, 2016 10:22pm
I prefer sell AUD this price. Target 0.7550
  • #98,959
  • Sep 26, 2016 2:14am Sep 26, 2016 2:14am
Hi guys, have look at my intraday trading levels for AUD/USD. They are based mostly on volumes made by big players and price action. I also make levels for other fx pairs. Have look at my table. If you want I can send you my levels every day.
Happy trading
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 37 KB

Attached Image
  • #98,960
  • Sep 26, 2016 8:13am Sep 26, 2016 8:13am
argh i sold at 7632. thought we'd might see some bearish action this session. instead a sudden squeeze to 7646 in under a minute...?! nothing really much to comprehend from today's opening moves.
112 traders viewing now