AUD/USD

[Boggo]

Follow up from my post above
https://www.aussiestockforums.com/f...t=3117&page=56&p=803728&viewfull=1#post803728

Around the target area now and trying to change direction with a potential breakout on the 15 min chart.

Daily chart below - click to expand

 

[havaiana]

Crazy AUD selling just now, looked like intervention! More likely a hedgefund taking the piss though i would say

10,000+ contracts in a couple of minutes versus 50,000 the previous 14 hours!

 

[havaiana]

Drop it like it's hot...

Happened 8 minutes before the US data too

 

[skyQuake]

Apparently RBA's Stevens made comments about the AUD being overvalued, should be closer to 85c.
Also said he prefers weaker AUD to lower rates.

At 12:20am...

Seriously was this an official statement or some hearsay at a boozy Christmas party

 

[notting]

Apparently RBA's Stevens made comments about the AUD being overvalued, should be closer to 85c.
Also said he prefers weaker AUD to lower rates.

At 12:20am...

Seriously was this an official statement or some hearsay at a boozy Christmas party

Yeah we never sleep here in Aus.
The strong move in au/us to the downside also came at a similar time as some November's stronger-than-expected retail sales in the US.
If you look at how the US/EUR reacted at the same time I don't think they were all reacting to Glens sleep talking.

 

[cogs]

And the gap gets filled.

Amazing how much deeper the banks pockets to run against these gap fills now days.

Honestly Stevens has had very little say in the direction of the AUD for quite a while. He/they have tried but without success. This is profit taking.

 

[>Apocalypto<]

89 cents a longer term support point for the AUD goes back to JULY this year with two bounces... currently buying off it now. a break here could see 85-81 tested again.... should make the RBA happy... wonder if they will get involved to get to 85, as they would like.

AUD$ looks extremely bearish on the weekly...

 

[cogs]

Yep, agree south is the direction, albeit the action has been a little weird.

Might be a nice short coming up if this fade follows through.


IMO the action has been made to look like good bullish setups with many retail discussion still talking about going long on bottoming. I think we may have some ranging coming up with .87 and .85 coming up. I'm trading both directions.

 

[cogs]

Hmm no fade, and still a downward push. Bit of a pig for any large moves.

 

[nulla nulla]

Apparently RBA's Stevens made comments about the AUD being overvalued, should be closer to 85c.
Also said he prefers weaker AUD to lower rates.

At 12:20am...

Seriously was this an official statement or some hearsay at a boozy Christmas party

The market is calling it "Jawboning" the Aud$ down.

89 cents a longer term support point for the AUD goes back to JULY this year with two bounces... currently buying off it now. a break here could see 85-81 tested again.... should make the RBA happy... wonder if they will get involved to get to 85, as they would like.

AUD$ looks extremely bearish on the weekly...

With Joe Hockey talking down our economy, Glenn Stevens "Jawboning" our dollar and the ratings agencies reviewing our AAA rating, it shouldn't be too long before we hit their target of $0.85. Whether or not it stays there is another question. There is a suggestion that the market is looking through all the spin and still seeing strength in our economy and aud$.

 

[forextrader168]

AUDUSD Daily Outlook for 20th December , 2013 (Friday) - Did you miss out the short?

Did you miss out the short for Aussie?
Market Might give us another chance to join the trend to find new lows



Outlook Trade opportunity

Our Short limit placed at 0.89050 - for around 30pips partial tp, and let market play down to new lows. Lets hope we get filled

To get more understanding of my analysis you can visit my twitter / blog

Cheers!

Howard
(#forex_trader168)

 

[forextrader168]

Re: AUDUSD Daily Outlook for 20th December , 2013 (Friday) - Did you miss out the sho

Unfortunately our Friday trade setup for the AUDUSD has hit our stop loss. However my other trade setups for EURUSD and USDJPY gained approx 100pips on friday.

For today AUDUSD
Outlook Trade opportunity
For Today i would buy dips at around the daily pivot area, (0.890) Looking for a 1:1 reward.
Its holiday season so not much action is expected.
We will also setup a short limit order at the 0.89594- 0.90 area
Risk Level - Medium


Thanks
Howard
(#Forex_Trader168)

Did you miss out the short for Aussie?
Market Might give us another chance to join the trend to find new lows

View attachment 55886View attachment 55887

Outlook Trade opportunity

Our Short limit placed at 0.89050 - for around 30pips partial tp, and let market play down to new lows. Lets hope we get filled

To get more understanding of my analysis you can visit my twitter / blog

Cheers!

Howard
(#forex_trader168)

 

[MARKETWINNER]

Please see following links on AUD.

http://www.bloomberg.com/video/look-to-short-aussie-for-2014-fxprimus-d2L_S6g7SAm2L1efq_IVYQ.html

Look to `Short' Aussie for 2014: FXPrimus

http://www.bloomberg.com/news/2013-...iggest-yearly-drop-since-08-on-fed-taper.html

Aussie Dollar Set for Biggest Yearly Drop Since ’08 on Fed Taper

http://www.bloomberg.com/video/aust...clearly-downwards-iJ5wGgQJQu~xDiMYf19Osg.html

Australian Dollar Long-Term Trend Clearly Downwards.

My ideas are not a recommendation to either buy or sell any security, commodity or currency. Please do your own research prior to making any investment decisions. Please note that I do not endorse or take responsibility for material in the above hyper-linked sites.

 

[>Apocalypto<]

Please see following links on AUD.

http://www.bloomberg.com/video/look-to-short-aussie-for-2014-fxprimus-d2L_S6g7SAm2L1efq_IVYQ.html

Look to `Short' Aussie for 2014: FXPrimus

http://www.bloomberg.com/news/2013-...iggest-yearly-drop-since-08-on-fed-taper.html

Aussie Dollar Set for Biggest Yearly Drop Since ’08 on Fed Taper

http://www.bloomberg.com/video/aust...clearly-downwards-iJ5wGgQJQu~xDiMYf19Osg.html

Australian Dollar Long-Term Trend Clearly Downwards.

My ideas are not a recommendation to either buy or sell any security, commodity or currency. Please do your own research prior to making any investment decisions. Please note that I do not endorse or take responsibility for material in the above hyper-linked sites.

new 3 touch support 8850.... looks like it's putting in a short term base.

 

[forextrader168]

Re: AUDUSD Daily Outlook for 20th December , 2013 (Friday) - Did you miss out the sho


AUDUSD - Bigger Supply and Demand area to watch out for
Happy new year
I would like to share my analysis from the 1st of January 2014

AUDUSD - Bigger Supply and Demand area to watch out for
http://daily-forex-trader.blogspot.com.au/2014/01/audusd-bigger-supply-and-demand-area-to.html

We should see a good ride down (well the odds are stacked in favour more to the downside )

Cheers

Unfortunately our Friday trade setup for the AUDUSD has hit our stop loss. However my other trade setups for EURUSD and USDJPY gained approx 100pips on friday.

For today AUDUSD
Outlook Trade opportunity
For Today i would buy dips at around the daily pivot area, (0.890) Looking for a 1:1 reward.
Its holiday season so not much action is expected.
We will also setup a short limit order at the 0.89594- 0.90 area
Risk Level - Medium
View attachment 55961

Thanks
Howard
(#Forex_Trader168)

 

[MARKETWINNER]

Both NZD and AUD could go down further against USD due to gradual tapering and other factors. This is good for export sector in this region. I consider two of the overvalued currencies in the world along with CAD.

My ideas are not a recommendation to either buy or sell any security, commodity or currency. Please do your own research prior to making any investment decisions.

 

[Trembling Hand]

Gee I wish the AUD will follow our commonwealth friends,

 

[prawn_86]

Gee I wish the AUD will follow our commonwealth friends,

Canada is in a World of hurt at the moment. Virtually no growth, and their reserve bank saying they might even cut rates further.

It is a sign of what is to come for Aus in a few years IMO once there is no real industry left in Aus and little demand for commodities

 

[Boggo]

Potential target areas if this daily follows through.

(click to expand)

 

[>Apocalypto<]

Potential target areas if this daily follows through.

(click to expand)

agree Bogo,

normally I wouldn't trade another pair other than the GJ but this weekly short set up looks to good to pass up.

I am short stop at .9065 looking for 83ish