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Ssm replied May 28, 2014IMO, the weakness continues. Short term resistance to watch, .9235 News later might provide more direction.
AUD/USD
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Ssm replied May 28, 2014Agree. Buying at current level carries much risk unless you have a tight SL. Price remains weak atm.
AUD/USD
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Ssm replied May 28, 2014With the failure to break above resistance .9270 today, shows that price remains weak and we are still in the bear territory.
AUD/USD
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Ssm replied May 25, 2014Today will be quiet, nevertheless, I see resistance at .9250 level to determine ongoing direction.
AUD/USD
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Ssm replied May 21, 2014
If you are looking at carry trades, why don't you short GBPNZD? Swaps are better compared to AUDUSD.AUD/USD
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Ssm replied May 21, 2014I beg to differ, technically bullish unlikely, cos there is no bullish engulfing confirmation pattern formed. Price action still weak.
AUD/USD
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Ssm replied May 20, 2014image .9250 serve as a critical line. ATM we are still in bear territory after failure at .94 and broken down thru .9315. But if .9250 is broken, we see further downside to .92 level.
AUD/USD
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Ssm replied May 20, 2014Not really, atm, small rallies are immediately being sold down. Sign of not many buyers IMO.
AUD/USD
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Ssm replied May 20, 2014This pair seriously is weak, we don't even have a retracement to reload sell going into US session.
AUD/USD
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Ssm replied May 19, 2014.9315 is a support which has just been broken, support may turn into resistance, I will be concern with buying below this support.
AUD/USD
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Ssm replied May 19, 2014The Chinese loves to buy things at a bargain. But the question is, will Australian companies willing to sell?
AUD/USD
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Ssm replied May 19, 2014Posted this yesterday, I believe bearish view is playing out atm. If .93 breaks, we will have a deep break below.
AUD/USD
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Ssm replied May 19, 2014Australia’s AAA credit rating at risk: S&P url Monetary Policy Meeting minutes release tomorrow will be interesting.
AUD/USD