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Yuchen replied Aug 7, 2013Yes but I don't really think it matters for AUD. Seems AUD has the motivation to test 0.91231 by the end of this week and maybe 0.9287-0.9311 area next week, as long as the 4H chart keeps stay above 0.8970
AUD/USD
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Yuchen replied Aug 7, 2013url Seems China trade balance was already released and it fell to 0.00, but it was 40 mins ago.
AUD/USD
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Yuchen replied Aug 7, 2013Because some big traders of institutional banks take the advantage on it to move AUD as they have the inside information.
AUD/USD
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Yuchen replied Aug 7, 2013Not yet and they always release at the times that most traders do not realized...
AUD/USD
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Yuchen replied Aug 7, 2013lol, should be 5.74444444444444%, if they round it up to 5.8% then AU should fall down to 0.8950 or lower.
AUD/USD
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Yuchen replied Aug 7, 2013I think the unemployment rate is more important than the employment change, AU may plays back and forth between 0.8985 to 0.9035 for a while until other data comes out
AUD/USD
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Yuchen replied Aug 7, 2013The forecast of 5.8% unemployment rate come out as 5.7% saves the last hope for AU's bullish correction. But if hourly chart closed below 0.89870 then the bull will in trouble, and if the hourly chart closed below 0.89788, bull should consider to ...
AUD/USD
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Yuchen replied Aug 7, 2013This is not a bullish news. Most time the market will be determined by comparing the actual result vs the forecast result. If the actual result is better than forecast, even it is still a negative result, it may still bullish for the currency. We ...
AUD/USD
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Yuchen replied Aug 7, 2013Depends on the data, unless the bad data, AU should continue to have its correction up to the next resistance level at 0.9136. both 1H and 4H shows strong upward and there are 3 consecutive higher low formed. But as the big picture is strong bearish ...
AUD/USD
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Yuchen replied Aug 7, 2013The forecast Employment change rate is 6.3K. If it is around that, such as between 5K-7K, there should be small movement or almost no significant change. If it is below 5K, the lower (or if it is negative), the more likely AUD/USD should go down. If ...
AUD/USD
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Yuchen replied Aug 7, 2013I think 0.89851 would be vital for the bulls, if it can stay above it, 0.9136 should be the next big resistance (unless the employment change data is really bad).
AUD/USD
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Yuchen replied Aug 7, 2013It is because of the weak USD index. If you compare AUD to EUR/GBP, you could see that botho EUR and GBP get way faster and higher than AUD, which even did not come back for 0.9 level. Also some short holders may started to close their positions and ...
AUD/USD
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Yuchen replied Aug 7, 2013It seems AU is trying to re-test 0.9000 resistance again. I think the hourly chart need to be closed above 0.8985 in order to break 0.9000. If it still cannot break 0.9000 today, then bull might will lose confidence and back to downtrend again. If ...
AUD/USD
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Yuchen replied Aug 6, 2013Thanks but that does not mean anything, especially I am losing money by holding the average long position at 0.9150 without proper s/l, I thought I had enough money and AU should not break 0.9 at that moment, but again, it approves i was wrong. and ...
AUD/USD
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Yuchen replied Aug 6, 2013If it can break 0.9055, it may goes up to 0.9138, that would be a relative stronger resistance before the super strong resistance which is around 0.93 (And that should be the end of the correction, if this is the correction).
AUD/USD
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Yuchen replied Aug 6, 2013Looks like AUD/USD is attempting to break 0.9000 resistance, if the AUD data would be better than the expectation later today, it should be able to break.
AUD/USD
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Yuchen replied Aug 6, 2013Yes, we pretty much have the similar resistance level, mine was 9005, 9055, 9138 and yours is 9000, 9060, 9136. Agreed that it needs to break 9000 as it is both technical resistance and the psyclogical level. I used 20 WMA and 20 SMA and I can see ...
AUD/USD
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Yuchen replied Aug 6, 2013An hourly chart need to be closed above 0.89916 to confirm the temporary bottom formed. The next 3 possible resistance are 0.9005 (with the possibility to be broken later today), 0.9055 (would be broken if the Employment change could be higher than ...
AUD/USD