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AUD/USD

Quoting frx_trader
{quote} Nice charts. The last 2 months has been ranging. .78 is a strong resistant. If it breaks loose .78, the .82 is the next target. But I prefer selling till the end of the year. The prediction is .74 at the end of the year.
Yeah, I'm not buying but will look to sell if area of interest is met.
Was watching the weekly channel retest for a long time but has broken back inside that now, so switching to monthly for reference.
Come with me if you want to live....
Quoting frx_trader
{quote} Nice charts. The last 2 months has been ranging. .78 is a strong resistant. If it breaks loose .78, the .82 is the next target. But I prefer selling till the end of the year. The prediction is .74 at the end of the year.
Cable PA also hinting at a possible 1.33 area or so retest where i think bears will come back in
Come with me if you want to live....
Quoting jpcashflow
Aud will not reach the .80.. I think the dollar will head to the .74. If USA raise rates AUD will sink and Au data will be weak as well. Australia economy is really struggling
Quoting Ill-b-back
{quote} Yeah, I'm not buying but will look to sell if area of interest is met. Was watching the weekly channel retest for a long time but has broken back inside that now, so switching to monthly for reference.
Thank you. Good trading
Quoting Ill-b-back
I'm thinking the Aussie will continue to squeeze the life blood out of the bears until 79xxish/80ish where upon it will promptly crap itself {image} {image}
I am using sometimes also this trend Line technique coming from important monthly/weekly tops and bottoms.. But at the intersection price of these trend lines, that does not necessarily mean , the price will go there. this is a wrong conclusion but at the TIME of the intersection (you can see drawing a vertical line from the intersection) a major low or a major top will form..
Regards.
Quoting ahnamus
{quote} I am using sometimes also this trend Line technique coming from important monthly/weekly tops and bottoms.. But at the intersection price of these trend lines, that does not necessarily mean , the price will go there. this is a wrong conclusion but at the TIME of the intersection (you can see drawing a vertical line from the intersection) a major low or a major top will form.. Regards.
Hi ahnamus, where did you got the idea I am expecting price to go to the intersection of the 2 trendlines? I like fibs (especially those that line up with major price reaction areas), and weekly/monthly trendlines. I don't expect price to bounce precisely off TLs' to the pip. As long as the monthly bar closes below those trendlines, they are still valid to me.
Come with me if you want to live....
Daily

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Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
AUD/USD 4H Chart:
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Hello. Here's my view on the AUD, based on the weekly chart. I expect the pair to continue moving up, towards at least the peak of last April and more likely further, towards near the peak of May 2015.

From early August to early last month, the Aussie traced a corrective 2-leg move following a multi-week uptrend. My expectation is that it completed this corrective move with the low of 2 weeks ago, and has now resumed its uptrend.

By the way, Crude oil has traced an almost identical course on the weekly charts (I am still long Crude).
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Its great that Charts are used to see where a trend is heading... But still there are other fundamentals that effect the market.
Quoting ItsAtrap
Hello. Here's my view on the AUD, based on the weekly chart. I expect the pair to continue moving up, towards at least the peak of last April and more likely further, towards near the peak of May 2015. From early August to early last month, the Aussie traced a corrective 2-leg move following a multi-week uptrend. My expectation is that it completed this corrective move with the low of 2 weeks ago, and has now resumed its uptrend. By the way, Crude oil has traced an almost identical course on the weekly charts (I am still long Crude). {image}
I think its too early to call its at very interesting levels.
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20 Pips a day keeps centerlink away
Quoting jpcashflow
Its great that Charts are used to see where a trend is heading... But still there are other fundamentals that effect the market.
good reminder to everyone! always seeing so many traders get carried away from technicals.
Medium term short towards 0.7579 area, SL above ii.
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Elliott Wave for optimum entry, exit and risk management of trades
Really doesn't make sense how this pair can keep climbing like this
Quoting jayjb
Really doesn't make sense how this pair can keep climbing like this
it's annoying isn't it!
i am bullish AUD, but agree that it was better to buy in the low 76c or 75c. now that we're hovering in the upper 76s, it's irritating cos i've closed all my long trades but yet can't seem to find a comfortable time to switch the view to go short....the pair keeps dropping sharply at one go but after that keeps crawling up and up and up.
i think it needs a push up to 77cents first, before we can see if it's a good sell from there.
Quoting Ill-b-back
{quote} Yeah, I'm not buying but will look to sell if area of interest is met. Was watching the weekly channel retest for a long time but has broken back inside that now, so switching to monthly for reference.
This is what I meant.
Got our weekly break last week of the great dividing range, so now watching monthly for a sell signal on high at firm resistance
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Come with me if you want to live....
Quoting ell3
{quote} it's annoying isn't it! i am bullish AUD, but agree that it was better to buy in the low 76c or 75c. now that we're hovering in the upper 76s, it's irritating cos i've closed all my long trades but yet can't seem to find a comfortable time to switch the view to go short....the pair keeps dropping sharply at one go but after that keeps crawling up and up and up. i think it needs a push up to 77cents first, before we can see if it's a good sell from there.
My take is that the fact that the feds are unlikely to raise rates soon and RBA is likely to keep the rates as it is - plus the fact that there have been a lack of direction for EUR and GBP, this makes the AUD an ideal currency to buy into.

However, there are sell orders around 0.77xx and the bulls are jittery about this level since its been cap since the may rate cut. We are technically stuck in a 100 pip range awaiting for strong fundamentals to push us. How I see it:

1) RBA - no rate cut, dovish - AUD bearish
2) RBA - no rate cut, hawkish/neutral - AUD bullish negated by (3)
3) US NFP - Strong - USD bullish
4) US NFP - Weak - USD bearish but capped by 0.7750 unless (2) is true
Learn
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Quoting ell3
{quote} i think it needs a push up to 77cents first, before we can see if it's a good sell from there.
i share that view 100 hourly still holding firm
Sold AudUsd. The plan is simple: the higher I can sell, the better....
f(z)=z2+c
Quoting hathor
Sold AudUsd. The plan is simple: the higher I can sell, the better....
sold at this level?? (.7660)
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