Thread: AUD/USD

Originally Posted by ;

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Quite frequently when news are released they are in the price.
I read the chart and base on that shearing my perspectives. I really don't fight the market as price is never low/high enough not to to be lower/higher.

I translate this as leaking jagged crooks.

I would buy little, noticing all this up setup and phony news to come

PS: I trade rarely Aussie.
It is fake currency of fake economy.

I'd trade crypto and pig's bladders before Aussie.

Originally Posted by ;

quote I interpret this as dripping crooked crooks. PS: I exchange Aussie. It currency of economy.

I am from Aussie atm like GBPCAD, EURJPY and USDJPY are a whole lot more interesting. ATM the only pair with AUD in and that is really worth to Check at is GBPAUD

Originally Posted by ;

quote I am out of Aussie atm as... ATM the only pair with AUD in and that is really worth to check at is GBPAUD

Understanding the shambles of pound, and shortly news.... I hope you're very short!!!

Originally Posted by ;

quote Knowing the shambles of pound, and shortly news.... I hope you are very short!!!

Not yet but will be shortly. I think current correction motion is not completed as yet but it's not far now.

Now we've got the shadow treasurer speaking at the national press club.

He has so far leaked to the press that he'll increase the funding surplus and begin repaying debt down.

This will be interesting as there isn't any magic wand so he could raise taxation or raise taxation.

Given the condition of the market the fragility of increasing taxation could trick it into a recession.

His goal is retirees with pension funds using imputated tax credits and damaging gearers for investment property.

Given the stagnation of salary this may hurt many.

The reason why this is a significant is because the resistance is leading in the polls.

Lets see what he must state around 12.30pm East Australian time.

Merry Christmas to all traders here and your love ones!

Happy Holidays!

simple repeating accumulation pattern from the past. Final TP for the bulls is 7740-7750 this week (after bank holidays).

Originally Posted by ;

Merry Christmas to each of traders here and your love ones! Happy Holidays!

thank you.same to you.

Route next couple of weeks is described: 7710 - 7740/7750 afterward 7750-7500. Overhead res won't let is pass much beyond 7750 (maybe 10 points on tech overshoot).

AUDUSD is overbought, price is on a very strong historical resistance/support area and also at the top of a Sep 2017 decreasing channel. Have a look. It is very likely to bounce back. But let's see if it goes against and fractures, since it was a extremely speedy movement from .75 zone.
Additionally, it is possible to break the top of falling channel until .78xx area and then go down to where it's currently ( 0.77x) or all of the way down to 0.7550.
I really don't expect massive hikes for this pair next year since the entire Aussie GDP prediction was readjusted to less than what it was. Therefore a currency devaluation is expected.