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AUD/USD

  • #101,281
  • Apr 21, 2017 11:52am Apr 21, 2017 11:52am
maybe it will go down further
Don't Worry Be Happy
  • #101,282
  • Apr 21, 2017 12:03pm Apr 21, 2017 12:03pm
Quoting jpcashflow
{quote} Aud will be heading into bull territory.

I agree with you, I am bullish on the pair until 0.77000 ...or until I see something in price action before then telling me to get out

[I could be wrong though, I'm not an expert ...well not yet]
  • #101,283
  • Apr 21, 2017 1:17pm Apr 21, 2017 1:17pm
Interesting price action in AUDUSD. Since I don't think it will post a weekly close below the big psychological number 0.7500 the bulls can be in control so as long as we manage to stay above the BRN on a daily closing basis the bulls are safe. However a close below will extend the current down-leg all the way to 0.7300 next support level.

BTW anyone knows if there are really some Forum moderators? just want to send them a PM because my post either aren't posted or they are deleted by some reason.

Anyone else experiencing this?

thanks!
  • #101,284
  • Apr 21, 2017 4:29pm Apr 21, 2017 4:29pm
Quoting 1GoodTrade
Interesting price action in AUDUSD. Since I don't think it will post a weekly close below the big psychological number 0.7500 the bulls can be in control so as long as we manage to stay above the BRN on a daily closing basis the bulls are safe. However a close below will extend the current down-leg all the way to 0.7300 next support level. BTW anyone knows if there are really some Forum moderators? just want to send them a PM because my post either aren't posted or they are deleted by some reason. Anyone else experiencing this? thanks!


you are a new member so your posts have be be viewed and approved by a moderator before they will appear in a thread.

After you hit about 10 posts this will stop happening
  • #101,285
  • Apr 21, 2017 5:52pm Apr 21, 2017 5:52pm
Quoting redalert
{quote} Based on what?
AUD only hit the .7490 for a moment and now treading north. THE AUD will be bullish against the USD based on three things.

1) Iron ore prices got smashed but starting to recover now.
2) US has allot of issues war with so many countries and on top data from US has been poor.
3) AUD starting to look really attracitve in price.
  • #101,286
  • Apr 22, 2017 8:08am Apr 22, 2017 8:08am
Quoting kain775
{quote} you are a new member so your posts have be be viewed and approved by a moderator before they will appear in a thread. After you hit about 10 posts this will stop happening
Thanks for the info.

good luck trading!
  • #101,287
  • Apr 22, 2017 8:42am Apr 22, 2017 8:42am
its lovely to go short after this pair rallies
Don't Worry Be Happy
  • #101,288
  • Apr 23, 2017 7:28am Apr 23, 2017 7:28am
Quoting jpcashflow
{quote} AUD only hit the .7490 for a moment and now treading north. THE AUD will be bullish against the USD based on three things. 1) Iron ore prices got smashed but starting to recover now. 2) US has allot of issues war with so many countries and on top data from US has been poor. 3) AUD starting to look really attracitve in price.
It is worth noting that 'markets' often trade based on longer term projections. What about the demand Trump is creating for the Dollar? And why would people sell simply because of some war scares? America often does quite well in conflict.

Australias housing is a serious concern. Look at price inflation over the years, it screams UNSUSTAINABLE.

Just thoughts.
A
Humans are naturally hardwired to avoid and detest uncertainty.
  • #101,289
  • Apr 23, 2017 10:04pm Apr 23, 2017 10:04pm
Quoting MrPresident
maybe it will go down further
UP FROM NOW
The fragrance remains in the hands of those that gves the rose
  • #101,290
  • Apr 24, 2017 6:43am Apr 24, 2017 6:43am
Ive been following AUDUSD for a while now. 0.74770 was a strong resistance. I believe there is going to be a strong bullish trend over the next few weeks
  • #101,291
  • Apr 24, 2017 6:53am Apr 24, 2017 6:53am
probably will be in a range between 0.7470 and 0.7610
Don't Worry Be Happy
  • #101,292
  • Apr 24, 2017 6:55am Apr 24, 2017 6:55am
Quoting teejaysak
Ive been following AUDUSD for a while now. 0.74770 was a strong resistance. I believe there is going to be a strong bullish trend over the next few weeks
why?
Don't Worry Be Happy
  • #101,293
  • Apr 24, 2017 9:14am Apr 24, 2017 9:14am
Quoting MrPresident
{quote} why?
I agree aud to be bullish you are asking wrong question why not
  • #101,294
  • Edited 1:50pm Apr 24, 2017 11:41am | Edited 1:50pm
What do you think about this news?

http://www.abc.net.au/news/2017-04-2...ction=business
  • #101,295
  • Apr 24, 2017 2:30pm Apr 24, 2017 2:30pm
Quoting jpcashflow
{quote} AUD only hit the .7490 for a moment and now treading north. THE AUD will be bullish against the USD based on three things. 1) Iron ore prices got smashed but starting to recover now. 2) US has allot of issues war with so many countries and on top data from US has been poor. 3) AUD starting to look really attracitve in price.
Just a question, are you sure of those reasons to support a bullish AUD/USD scenario?

Myself, I am very bearish on AUD/USD. Why? Because of 2 main factors:

1. The day the GBPUSD broke out of it's consolidation. That day, the USD was generally weak, yet, AUDUSD was going down, so on a relative basis, AUD is a weak currency. Add on top of that today, the USD is being hammered again (Mainly against the EUR but mostly other currencies as well), yet, AUD/USD doesn't seem to respond quite well to that inherent USD weakness and fails to rally with other strong currencies against USD)

2. COT. AUDUSD has been moving in a sideways for almost the last 9-12 months. This sideways comes after a clear downtrend. If you check COT trends and look at how the Commercials (And the Intermediary Dealers) has been positioning themselves in this consolidation, they have been always very keen to maintain their positions as net short.

This tells that the so called "Smart Money" are expecting AUD/USD to get out of this consolidation to the downside.

Hence, I am shorting the top of the range as well as rallies inside the range.
  • #101,296
  • Apr 25, 2017 1:58am Apr 25, 2017 1:58am
I'll try some shorts today if we reach 7625/30....
Look Sharp/Trade Tight
  • #101,297
  • Apr 25, 2017 2:54pm Apr 25, 2017 2:54pm
Could it be an idea to create a chat about aud/usd ?
  • #101,298
  • Apr 25, 2017 6:27pm Apr 25, 2017 6:27pm
CPI today. Will trade more london session. Having said that at a nice supply zone now. An indication of sellers on the asia open could see a fall back to 75c for a nice 1:1 but imo some big buyers there at 75.20 also so will build some more weak liquidity through out asia into the news decision. Will know more for london i reckon.
  • #101,299
  • Apr 25, 2017 6:51pm Apr 25, 2017 6:51pm
Defo need a lot more info between two big levels atm. Rubbish
  • #101,300
  • Apr 25, 2017 8:34pm Apr 25, 2017 8:34pm
Miss for Aussie CPI whereas Kiwi was higher than forecast...back to flows into Kiwi??
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