AUD/USD

[acouch]

morning all
Monday's road map
have a great weekend and take care
ac

 

[symmetry]

looking at this forex market , the monthly made a perfect high within 5 pips of the level in nov 2009, from there on the trend is down and the level i had was 85.82 as the intial low for feb. march seems to provide an interesting event with a possible minor rally and then a re test of the 8582 level if this is broken, by (x) amount of pts then the next level should be tested at 8074 to 8066.

weekly the rally has already started, with now a 3 week rally, levels to watch for ont he up side would be 9105 , it has another week to run , if not then the selloff will follow again

daily initial level was 9040 selling point with a low level for friday at 8882, in which it did hit nicley.

watch 8831 as a level to indicate further rally or selloff

 

[symmetry]

aud usd

daily initial level was 9040 selling point


tonight is the test , rally did not quite hit level and will offer a nice trade on the audusd, long if level broken on the high side , short if confirmation of fail of 9040 - enjoy

 

[Whiskers]

It would seem the AUD is on a charge up again...

But, looking a bit wider to the daily chart, I can't help but get my earlier feeling back that this correction should go back to the low .80's... based on FA that there should be a better run on the USD than we've seen on improved economic outlook, ie recession over... before the longer term weakening USD trend continues.

If my feeling is correct, this alternate count may kick in about the low .90's, any time now, to start an impulsive wave 'C' down to the low .80's.

If it doesn't beat 9066 on this leg up... and I'm thinking it won't, my alternate count is in play... a sharpish fall into the low 80's.

 

[acouch]

good morning all
today's road map
have a great day, and good trades
ac

 

[symmetry]

trigger reached , enjoy

 

[noirua]

Despite everything I think the AUD is still in its final throws, just like the waves on a beach before the tide finally and decisively turns.
Spain and Portugal are in bigger trouble, some think, than is being admitted and Germany and France can do little more as the European Union just has not enough cash to bail them out.
The IMF are concerned about a double dip recession that will cause many commodities to fall in price. If they fall then the AUD goes down with it.
The AUD is still strong on a 7 year view at AUD1.25 to the USD1. That should come in late winter or as we know, late summer in the States, Europe, Russia and China, imho.

 

[acouch]

good morning all
today's road map
have a great day, and good trades
ac

 

[symmetry]

and look a miracle the AUSSIE get smashed down , i was out by a few pips , entry 9045 and never stoped out. i got a bit woried as a reversal was in order if it went another 15pips , but true to the math - selloff , new levels to be calculated but a good move already

anyone else sell here ?

 

[acouch]

morning all
today's road map
have a great day, and good trades
ac

 

[acouch]

good morning all

today's road map
have a great day, and good trades
ac

 

[symmetry]

8830 hit and slight over run , with a buy signal confirmed , retest of previous level , , 8805 was next low level

now this rally wil be the major test , look for a 50% retracment level, profit take

keep it tight as as long signal not strong

 

[acouch]

good morning all
Monday's road map
have a great weekend and take care
ac

 

[acouch]

good morning all
today's road map
have a great day, and good trades
ac

 

[acouch]

morning all
today's road map
have a great day, and good trades
ac

 

[noirua]

I'm sitting watching this USD/AUD tug-of-war. Still backing the USD as the AUD appears to be still close to the last base camp and the summit and doubt that parity will happen.

 

[Whiskers]

My earlier micro count (hourly) didn't quite work out as initially expected.

My most probable scenerio now is looking like it may be forming a triangle in wich case it's likely going on to about .92ish making 'd', before coming back to the low .80ies for 'e'.

Stuffed up my EW count a bit, but still fits my FA and TA.

 

[white_goodman]

south bias till 9055ish is broken, lower tops and lower lows... all this good eco data hasnt been able to put a bid on it.

 

[Whiskers]

south bias till 9055ish is broken, lower tops and lower lows... all this good eco data hasnt been able to put a bid on it.

I agree, but my hourly count suggests a diag triangle for a minor wave c or 'd' of a triangle, which should take it to 90646, maybe higher.

Are you going long if 9055 is broken, white_goodman?

 

[acouch]

morning all
today's road map
have a great day, and good trades
ac