Thread: AUD/USD

Long if possible until 0.8090...
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done here...

Even when 0.80 ( closed bullish price ) is busted, the large price ( 0.81 ) can nevertheless obstruct. Market may combine before breaking it

On steroids

Originally Posted by ;

It's a Trump/Mnuchin double play. Politicians, can not trust 'em. . Can't ...??? image image

That blue channel retest is toast.
Firmly bullish off the breakout.

Originally Posted by ;

quote That blue channel retest is toast. Firmly bullish off the breakout. picture picture

Just how large do you think it will go ? I enjoy many others trade just long due to the carry. I still remember people looking making it go much higher and look at eurusd.

Originally Posted by ;

quote Just how do you think it goes ? I like many others trade due to the positive carry. I seem at eurusd and recall people trying to the top , which makes it go higher.

Who understands. I don't even exchange this pair, only Cable, but appreciate charting.
I also really only pay attention to daily TF and higher so my idea of price range within important trading periods will differ to day traders.
Let us just say my more term out look isn't positive for the USD.

Originally Posted by ;

quote Considering the demise of the USD index, the against all odds resurrection of TPP for Australia but without America, along with technician analysis, I think the white TL will become obsolete. Trump wants a feeble $ to kickstart his factories across the land, and I believe he can get it. image

This really is my most applicable article on longer term perspective I guess.
Do your own due diligence though obviously.

Originally Posted by ;

quote That is my most applicable post on longer term outlook I guess. Do your own due diligence however.

I only trade this very long term (buy only) and currency.
Long term I mean weekly.

Originally Posted by ;

quote I just trade this long term (buy just) and currency exchange. Long term I mean.

Well then, if we shut this month bullish over the PA related TL and instant resistance, these would be my longer term fib targets because they relate to potential PA resistance places.

That bullish hidden divergence does not hurt either.

For me, the weekly appears like is gaining more excitement as it attacks the resistance after retesting the busted TL

AUD CPI q/q is going to be published on Tuesday and it might be a number as there is a problem with inflation in Australia. This might cause the pair to fall back to 0.799 or lower.

It looks like the rally is getting ahead of itself. The next level it has to close above on the daily chart is 0.8125 to be bullish, otherwise it may workout.