It is a open statement that RBA is uncomfortable with the current level. Outcome will be either neutral or talk down.

AUD/USD

Agree. I believe RBA will again talk down the currency. They will want a lower currency to beef up export and create more jobs.

AUD/USD

Historical support .9330 broken, tripping stops along the way. Lets see if the bulls can reclaim this level back or else the bears will win the day towards lower level.

AUD/USD

Here we go again, season of verbal intervention from RBA starts again. "Verbal intervention don't cost money, the best tool to control exchange rate!"

AUD/USD

With numerous failed attempt to break .9440-.9450 level, this pair looks as if the upward momentum is weakening. Fundamentally, commodities and metal prices remains weak. Just my thoughts.

AUD/USD

Waiting for double top to confirm with a daily close. But be careful, might be fake moves.

AUD/USD

The day has not closed yet. IMO, wait for a day candle close to confirm.

AUD/USD

This is indeed good. I ride sport bike (Yamaha R1) for fun as a hobby too, but never really thought of linking them to trading. This is really an eye opener in relating them to trading.

AUD/USD

This is priceless. Thanks Davit. I have been trading for many years but yet very weak in managing risk. My SL are basically major SR lines which sometimes are too huge. Any further recommended reading on managing risk?

AUD/USD

Yesterday, AUD was bearish without any negative news from Aussieland. Currently, I am looking at my old friend SR line at 93.5-93.3. If price fell below 93.3, I would expect lower levels. Will watch this level closely.

AUD/USD

How would you know the GDP numbers will be bad? Previous -1%, forecast -1.8%. You are saying you foresee that the numbers will be worst than this?

AUD/USD

Aud might be on the verge of breaking critical support. EA might go higher.

AUD/USD

Shouldn't the Chinese be busy buying to replenish the missing metals before they are caught? Australia is the largest producer of Alumina. Buy AUD then.

AUD/USD

.933 will be a critical S&R line to watch. Falling 20 - 30 pips below with at least a H4 candle close (preferably day close) will open up to more bearish move. Yesterday we have seen this level tested several times, will it be broken today? FOMC ...

AUD/USD

.93 to .9315 is a previous support turn resistance level. It will be a key area to watch. Expect heavy selling at this level. Unless we see improvement in China's growth, selling in AUD will continue. Just my thoughts.

AUD/USD

Looking at price reaction, I tends to agree. Earlier movement looks like a big bull trap.

AUD/USD

Indeed a strong rejection at .93. Just look at the long tail.

AUD/USD

Yup, you are right, its friday. That is why I normally do not trade on friday US session.

AUD/USD

Did you get stopped out in your earlier E/A trade?

AUD/USD

See that you SL is rather tight. Resistance for E/A 1.4672. You might want to give more space?

AUD/USD