Thread: AUD/USD

Shorted again in 0.7705

Originally Posted by ;

0.7700 0.7715 0.7740 These targets are valid provided that the price stays above S/R degree 0.7640 Good luck

Second goal HIT

The momentum is still pushing upward. I suppose AUD can take a double benefit of this trade war, as Australia is exempted from Trump while profiting due to China's reaction on the other side. There are some details that give me a bullish image of this pair. Only my view.

Let's see

Beautiful piece of art.

Consolidation around .7650 is probably forming a foundation for another lap up.

Daily Chart

Holding my shorts, looking between 0.76 to 0.75 range to cover. Then see if any demand with that region to go long.

Hello,

I am not doctor gloom and despair but I really dont like the feeling of the economy right now, together with the trade wars as well as the inversion of this OIS curve. It feels like people are starting to get really jittery although it might be a mis pricing that is simple.

Steel has gotten hammered at the present time and is in steep backwardations outside to August at least. I am certainly beariesh Aud base on fundamentals but it is versus the USD and USD is not looking great right now.

If you ask me lesser of two evils would be to short AUDUSD using a definite poorer AUD as compared to potential and side of the USD.
Will check technicals and see if it aligns.

Regards

3 rising valley setup
pattern confirmed on break of neckline
great for extended to start the upcoming bullish leg of the 3rd valley

Looks dull

I think 0.765 will hold the bottom

Originally Posted by ;

looks dull I think 0.765 will hold the bottom

there's a looming conflict in Syria. In case of escalating, the commodity prices wil fly and will the Dollar.

Heavy materials and disconcerting. While now I started to think, once the prices hit the fan, it is all on technical.

I'm not a professional, so understand that I'm parroting seasoned traders:

Trade your plan.
Trade what you see, not what you believe.
Cut your losses.
Remember to measure out, walk away and get out. After that, come back fresh.

I've no idea what the dollar is doing and no notion where AUDUSD is headed or if it is going to even honor support/resistance. When powerful, if I revert back to the trend.

Originally Posted by ;

0.7700 0.7715 0.7740 These targets are legitimate as long as the price remains above S/R degree 0.7640 Good fortune

Target 3 HIT.

Hext aims:

0.7760
0.7780

This installment is legitimate as long as the price remains above 0.7688

Not an advice. Only my opinion.