Despite the ongoing bounce (now at 7230) imo also not yet time to long... it's the london fix now. High risk of it falling back to .72 overnight and in Asia tomorrow. I think @rags2richesfx may be right to suggest .71 as the ultimate support for ...

AUD/USD

I'll buy only at .7200 or if it breaks back above the trend line now at 7245. Confident we're still looking for more upside unless it goes below 7185. Today was about Chinese stocks being the catalyst apparently. Imo a tipping point still needs to ...

AUD/USD

i have this hunch that the wonderful bulls are going to buy this back up again and we'll end up being in the 7250s in a couple of hours. seems to have been this game between the london and NY traders the past few days. one buys, one sells. daily ...

AUD/USD

oops my bad. how do you interpret the numbers. ok never mind, got it. it's the odds for rate cut expectations.

AUD/USD

hi guys, coming back to trade the usdjpy after quite a long while. will appreciate some pointers on what's the latest to look out for. ive been trading only on the commodities bloc and the euro for the past few months. thanks in advance!

USD/JPY Discussion

That's long vs short? On my brokerage the no. of clients and total value in selll has been increasing day by day, although by small 1-2%. Have to concede it's totally 50-50 between up or down let's wait for a breakout.

AUD/USD

Yep, you've got it right. In the AUD's case we're looking at a rate cut, therefore aud down. Nonetheless in the case of interest rates rising, the dollar is indeed rising and will likely rise relative to most currencies over the longer term. In the ...

AUD/USD

It's been really difficult trading this the past few days. Any short term/ scalping position has been purely speculative for me. Be cautious I suppose, cos we're reaching the narrow edge of a wedge pattern. A breakout could happen anytime! IMO the ...

AUD/USD

Thanks! Well, it paid off. 10pips for grabs. Will patiently look for an entry for long. Meanwhile, word has it that tonight's fonterra auction results aren't great, nzd may take a hit and drag aud down slightly with it (conversely, if it's good, up ...

AUD/USD

Another rush of sellers ahead of .73. Damm, patience is getting me nowhere with my long @7285. Given up, going short @7282. The bulls need a lot more to get them back in play.

AUD/USD

The problem is, we've been having lower highs and higher lows. I've tried holding a bullish perspective too but it seems the 73s keep getting sold down in a rush. I'll be looking for a close above 73 to reignite confidence in resumption of the ...

AUD/USD

I don't think anyone can give you an answer! Just watch the market and don't be afraid to take a loss if needed I guess. I've also been unsure about the aud these few days, too much consolidation and inconsistent data throwing it around.

AUD/USD

I'm not so sure about going long yet. Somehow the market appears to be mixed with a bearish tint. I'm holding onto 1 remaining long since last week at 7285 and that doesn't seem to be yielding anything since the market simply isn't holding its gains ...

AUD/USD

PA suggests the aud is down the past few hours cos something's weighing. Is it commodities having a bad day? Or a sell-off pre-RBA minutes later? Been unusually quiet here today!

AUD/USD

Thanks, yes it's been a week filled with frustration. Good luck to you too mate. The AUD should overall still be in an uptrend. Imho, all the indicators still point upwards. Just by looking at the charts and PA there's a general bullish tone too. ...

AUD/USD

We all get that im sure. I won't be shy to say I had 6 chances to take 30pip profits last week but ended up closing out all at a loss cos of sudden turns. Going on a scalping strategy this week to cool off a little! Scalp 2-3pips per trade, even ...

AUD/USD

because although the AUD is a popular proxy for the yuan, both could respond differently. Perhaps the market sees something positive for the AUD...like on the whole the data wasn't thaaat bad so the AUD isn't in trouble for now and can carry on its ...

AUD/USD

What's significant about the opening gap?

AUD/USD

Actually why not? Data wasn't worse than expected. Aud was held back last few days over risk-off and china gdp worries, the data should allay those fears?

AUD/USD

Possibly. Did a short last night at 7330 and made a cool 50pips. In case the market doesn't go back up before my target time frame at least the profit earned will balance against my long positions (currently in loss region). Good luck to all for the ...

AUD/USD