AUD/USD

[acouch]

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

 

[Whiskers]

Something like this would be good.

Huge, HUGE pool of liquidity above 93 especially up towards 94, including some of the worlds biggest names (RBA feeding supply in there with them). An AUD tank coincides with my 'risk off' theory here (S&P putting in a lower high), bonds rallying despite supply and equities rallying, and gold up on a CDS spread blowout (hedging currency land).

+ money markets are now factoring in higher chance of a rate rise ahead of RBA nxt wk, after strong CPI data (which is what has already been factored in these last days).

This short almost looks too easy!

Hey MRC, I almost started to worry that you put the mocker on it, what with agreeing with such confidence.

morning,
road map end of 24hr cycle
ac

Lovely result. We'll have to get the teamwork together again one day.

 

[Whiskers]

That closing price upper channel resistance seems to be continuing.

 

[acouch]

good morning all
road map pretty much the same as yesterday's
have a great day, and good trades
ac

 

[MRC & Co]

I think rates are going up today. Statement may still be hawkish.

If AUD sells off on this after an initial spike, it's an obvious top.

 

[Wysiwyg]

The hourly MACD has crossed down over the signal line which indicates a decline of sorts. Maybe a short squeeze first?

 

[Whiskers]

Yeah, the weekly MACD seems about to cross over too. More indications of a significant decline.

Hey, where have all the EW experts gone lately!? I've got my theory/count, but I miss bouncing off the EW experts ocassionally.

 

[acouch]

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

 

[MRC & Co]

I think rates are going up today. Statement may still be hawkish.

If AUD sells off on this after an initial spike, it's an obvious top.

Well got the first right, the second wrong. Rates up, dovish statement.

Still an obvious top IMO. Think we will test the 88 region in the coming couple wks.

 

[acouch]

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

 

[noirua]

At last, thanks to Henry, the AUD shows signs of weakening. I had planned for A$1.20 - A$1.25 by now but raising interest rates to slow the economy and inflation has hurt my efforts.

 

[Whiskers]

At last, thanks to Henry, the AUD shows signs of weakening. I had planned for A$1.20 - A$1.25 by now but raising interest rates to slow the economy and inflation has hurt my efforts.

I thought the AUD was showing signs of weakness long before Henry. How to you connect/attribute this weakness to Henry?

 

[noirua]

I thought the AUD was showing signs of weakness long before Henry. How to you connect/attribute this weakness to Henry?

Less money will come into Australia with all the bad news over higher taxes on the key mining companies. The major coal project in Queensland and new port are now being reconsidered as well as those in NSW. Probably good news as far as coal activists are concerned though.
Higher interest rates should have pushed the AUD / USD to nearer A$1.05.

 

[acouch]

evening
updated rm..going though its 24 hr cycle
ac

 

[acouch]

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

 

[Whiskers]

Well, back to the macro picture, I'm thinking my triangle may be correct.

Was getting a bit concerned it was a five wave impulse up through the line, but I think it's still within parameters to be more likely an Expanded Flat to finish off the Triangle... in which case it still has some way to go.

 

[acouch]

afternoon 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]

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

 

[krk004]

FWIW;

http://yelnick.typepad.com/yelnick/2010/05/the-case-against-the-aud.html#more