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AUD/USD

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yea. lol. market opened much lower (confirmation didnt align up well.)
I guess just wait till market gives us a signal to jump in. : /
 
Well, that open dropped the Euro below that beautiful trendline on the daily.
 
Mr J said:
It tested it and failed before noon, so I'm not sure what you're watching :confused:.
Click to expand...

I was looking at a potential Head (H) and Shoulders (S), which eventually gave circa +250 pips.


ORIGINAL


RESULT
 

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If price doesn't stall and/or reverse around the .8773ish area, looks like there will be some lower highs put in, and the aussie dollar has had it's run imo, conversly i'm going to be going long if that beaut of a trendline is broken
 

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Still holding long up about 140 pips thus far, moved stop right up as in a bit of a resistance zone at the moment, and a slight gap which didn't get filled entirely this morning
 

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Kryzz said:
Still holding long up about 140 pips thus far, moved stop right up as in a bit of a resistance zone at the moment, and a slight gap which didn't get filled entirely this morning
Click to expand...
Nice TL play Shaun, congrats on the trade too.
We'll see if 9280ish provide enough resistance.
 
caribean said:
We'll see if 9280ish provide enough resistance.
Click to expand...
A minute ago, the midrate broke 93c. XE is giving it as .93016.

(I never trade currency positions. I just have some expenses in USD, so I watch closely when to transfer money.)
 
Hi guys,

Willing to risk 10 pips here to see if this bearish divergence plays out. Short from 0.9345 SL 0.9355
 

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Hi guys,

Market has confirmed distribution, I have exited half the position at +10 to make a free trade (i.e. from 2 lots short with 10 pip SL I exit 1 of those at +10 so if the other is stopped out there is no effect on my balance).

See chart for levels/comments.
 

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So the US fed in statement by the chairman indicates rates will stay low for a long time in US. Aussie rates got raised again- whats the near term ceiling 4.5%?

Aussie dollar seems like it has more room to run.

Question is- do you aussies think parity with the US dollar is a good thing?

And does this mean you will be packing your bags for a trip to the US based on the exchange rate?

Just some random thoughts.

Seriously, the trend is still in place in the AUD/US and until a series of lower highs and lows present themselves, its an uptrend
 
"Question is- do you aussies think parity with the US dollar is a good thing?"

Its been there before and will most likely do it again.
Obviously when it does, there will be a national holiday.Rudd will say sorry to the Americans and blame it on the CO2 levels.
 
Tradesurfer said:
Question is- do you aussies think parity with the US dollar is a good thing?
Click to expand...

Every cent the AUD appreciates makes Australians richer. So yeah, it's definitely a good thing.

The question is whether the trend is sustainable or not ...
 
Miro said:
Every cent the AUD appreciates makes Australians richer. So yeah, it's definitely a good thing.
Click to expand...

Err, no it doesn't and it's not. What school of finance did you go to?
Have you heard of tourism, agricultural industry, manufacturing industry?
 
Aargh! said:
Err, no it doesn't and it's not. What school of finance did you go to?
Have you heard of tourism, agricultural industry, manufacturing industry?
Click to expand...

Ah, but if one does not rely on these industries, and makes a lot of US expenditures - it's joy-time
 
Aargh! said:
Err, no it doesn't and it's not. What school of finance did you go to?
Have you heard of tourism, agricultural industry, manufacturing industry?
Click to expand...

I'm talking about people living in Australia. The more purchasing power you have the richer you are. No doubt high currency hurts commodity oriented industries and makes them less competitive in global markets.
 
Living in Australia, I've noticed that prices are ratcheted.

When the AU dollar drops, imported goods prices go up. When the AU dollar rises, prices stay the same. It's the importers who benefit.

So AU up, importers win, exporter lose. AU down, exporters win, importers raise prices to maintain costs and add more profit next AU rise.

So to finish, no purchasing power for every day aussies is not increased at all.

It's all these oligopolies.
 
.
Picked up a great move on Aussie overnight with a move down to the Kumo below
 

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For the Friday, USD increased a lot because of the US gov announcment, but AUD is still showing strongly against other currencies.

I think AUD should still in the up trend in the next 30 days.
 
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