Likely, market needs a break. Good time to go long again at .7050 now. Look out for aussie retail sales data at 0130h gmt though.

AUD/USD

hahaha, relax man! we're all here to trash views around and pick up a suggestion or two. no one's dictating to anyone what to do. at the end of the day trading is about doing your own analysis and making your own informed decisions. and we share ...

AUD/USD

It still makes sense in the long run to short the aud as it rallies. No one knows for sure how far the rally will run, but fundamentals favour the shorts in the long term. I have positions both directions and im still more nervous about the longs ...

AUD/USD

Payrolls forecast suggest nfp on fri may be strong.. if so, the rally goes in further doubt. The longer the aud drifts sideways, the weaker the chance of the rally I feel. In the meantime the 7030-40 zone seems really thick with offers! See what ...

AUD/USD

Skirting the topside beneath 7040 now, it's really a tough resistance to crack. Going on a light short here and closing my long. Maybe not yellen, but china data will certainly move the market. I'm actually thinking of shorting and buying in from ...

AUD/USD

beware the dovish RBA and super good US NFP figures. why 75c for a bull run target anyway? im thinking more 73c for a rally top...75c seems way too far away to crack

AUD/USD

Away from the audusd pair, anyone got a good trade to recommend at the moment? Just no EUR pairs for me.

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Why are you guys so hopeful for a rally? Just wondering... Everything in the market points to the aud going down. It's true the market may be very short aud, but that does nothing more than to slow the decline. I'm pretty much expecting 6940 may be ...

AUD/USD

Been selling the tops down today, the tight range gave some fun! Only that last long.... now back at 7003, escaped with a 2pp loss. Sticking to my pov that there's no bull rally coming!

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Yea such a pain in the ass, especially when you've just entered a position and you start feeling uneasy about it. Urgh. Stop at. 6970. Hope I won't have to pull the trigger on that.

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Ah, the thing is - what's so new about what the fomc has to say? Of course the l-t trend is down, but meanwhile I think we're looking to other places for direction leads.

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I'm quite sure it'll bounce and keep the range for a little longer, at least until the huge options on wed and nfp on fri. I believe it won't rally much further than the high of today. Hmmm.

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Damnit, i'm a little slow. After much apprehension, decided at last to throw in a long at .7005 and the next moment..*bang* down to 6985. What am I missing? What's dragging the aussie 50pips down in an hour?

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I'm still on this side of the party too! Well, see what happens when the market opens. If it does break thru, then i'll enter but chase only small moves. GL trading the week ahead!

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Certainly do hope it's a rally, will be good for the week ahead! Just need it to break above 7040 for me to be convinced. Good weekend all!

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I don't wanna get too carried away by the charts, cos the price action seems to be painting a different picture the past few hours. You guys may be right, but im gonna tread cautiously! If the 6990 support is breached again the bull rally may have ...

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Hahaha that sounds plain lucky, but good on you! It's awesome for reloading of shorts for another run down too.

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Hahaha, let Europe decide later. For aud my bet is down.

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Personal opinion - mixed signals, not ready to confirm bullish yet. Especially with yellen's comments. Need to see what happens during Asia.

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The run up failed at 7010, knocked back to 6990s. Observing this keenly...who knows, maybe we'll be back testing 6940 again in the asian session! Think i'll follow a scalping strategy in the meantime

AUD/USD