Thread: AUD/USD

Originally Posted by ;

quote Target 3 HIT. Hext aims: 0.7760 0.7780 This setup is legitimate provided that the price remains above 0.7688 Not an info. Just my view.

0.7760 HIT

it's still pushing upward.
Let's see if we get to 0.7780

Originally Posted by ;

quote 0.7760 HIT It's still pushing upward. Let's see if we reach 0.7780

Almost hit 0.7780
Still pushing up. It'll hit 0.780x

The motive is not only the technicals, but also fundamentals. The oil and generally commodity prices are currently flying due to the military situation in Syria. This will last tu push UP the Dollar, while USD will gradually lose ground.

Again - just my opinion. Not an advice.

Hi Everybody,

I don't really trade AUD/USD however Citi FX technical have gone long at 0.7745 with a goal of 0.7915-90 with a chance of 0.81.

Banks transactions are not always correct but I thought I would just talk about it with you and determine whether you agree with this. It is a established trade because fundamentally it doesn't make sense, but dollar won't do to good this year as traders wanted 4 hikes and usd isn't data dependant on the central bank choice.

My opinion is that the AUD is bearish as a result of central bank but then again commodities can propel it hence why it has not yet been dealt with a knock out blow. So the opinion is neutral.

Hope this helps your trading views.

Originally Posted by ;

Hi Everybody, I don't really trade AUD/USD however Citi FX technical's have gone long at 0.7745 using a target of 0.7915-90 having a chance of 0.81. Banks transactions aren't always right but I thought I would just share it and determine if you agree with this. It's a technical established trade because fundamentally it does not make sense, but dollar won't do to good as traders desired 4 hikes and usd isn't data dependant on the central bank choice. My opinion is that the AUD is bearish due to the central bank but again commodities...

the price should transcend 0.7787 first or it's going to bounce back down
current aussie rise reaction from 0.7650 service
this is my view
happy trade

I expect ??

Originally Posted by ;

quote the price should exceed 0.7787 first or it's going to bounce down current aussie increase reaction from 0.7650 support this really is my view happy trade

Glad you discover the information useful.

Aud vs usd ought to be okay but I believe it will suffer vs the other pairs fundamentally.

I can trade it intra-day if I see a few fine amounts.

AUDUSD seems clubbed in a range between 0.7635-45 horizontal-support and 50-day 100-day SMA confluence, around 0.7785-90.

that I have resolved to stay on the sidelines on a lot of markets as they are sideways, mainly. A specific market that can be perplexing is the AUDUSD, which is in a complex corrective stage. Over the weekly time period, an ascending channel (red) shaped after a swing in the high of June 2014 into the low of January 2016. The channel is in its own retracement's 50 Fib zone. Price action is bearing southward in a counter channel, a descending channel (chocolate). There's room for further move but there's not much confidence in a momentum. A descending trendlline (black) from recent highs of candlesticks from the primary channel is acting as support.

I may be incorrect. Trade safe and prosper.

KP

Technical prognosis on D1 period frame.

KP

Originally Posted by ;

I have decided to remain on the sidelines on many markets as they are sideways, largely. A particular market which could be perplexing is the AUDUSD, which is in a phase that is intrie. On the time period, an ascending channel (red) formed after a swing from the top of June 2014 into the reduced of January 2016. The channel is at the 50 Fib zone of its own retracement. Price action is bearing southward in a counter channel, a descending channel (chocolate). There is space for additional southward move but there is not much assurance in a southward...

Originally Posted by ;

Technical outlook on D1 time frame. KP image quote

As always absolutely professional. Continue the fantastic work buddy!
Wish you green pips.