Nope, looks like we are not able to close above the level in this H4 candle and yet there seems not to be a strong rejection either. PA are not strong. Seems like it is going to be ranging from here again. Lets wait till NY open to see if a ...

AUD/USD

Posted 3 hrs ago Now: Almost reaching ..... Will it stay above that level or reject? This will be interesting.

AUD/USD

With that h4 bullish candle with a close, that is definitely not a fake breakout. Anyway, the market has already factored in a 101% possibility of a .25% rate cut since last week, and there are even a 25% speculation that the cut is .5%. Didn't you ...

AUD/USD

No reversal sign yet on a larger picture. But PA sucking towards .90 level. We would be bullish unless there is a close above .90 level where it is a strong support in Jul. To me, I will see it as a "support is still a support". However, if it ...

AUD/USD

IMO, if .90 level is not taken out, bulls are still not safe. By looking at the price action, rallies are immediately being shot down. There are still many bears in the territory.

AUD/USD

Pip Anon is right, this is not bullish. This is merely retracement which is normal. With a lower low, there is no bullishness. Again with the RBA hammering its own currency, I don't see how it can be bullish unless .90 level is taken back with a ...

AUD/USD

IMO, it might not even be buy stop triggered. It just might be traders waiting for NFP to gives a clearer direction. Not forgetting traders are also waiting for next week IR cut for further clues.

AUD/USD

On the other hand, any possible rallies are quickly being sold. With a lower low formed for the past few days, this pair is still bearish.

AUD/USD

Both chart and RBA reaction is bearish. Also I don't see any sign of reversal after yesterday lower low price action. However, we tends to ask "how low can it be?". In forex, any sh*t* can happened.

AUD/USD

.9 levels are still untouched. Bulls have not entered the territory yet. On the other hand, the better than expected China and Aussie data today makes bears thinking.

AUD/USD

NZ has maintained their interest rate at 2.5%. Aussie is a big sister to NZ, what is the possibility of Aussie having a lower interest rate than NZ?

AUD/USD

Looking at the price action and even with better China and Aussie data , at this moment, any possible rallies would be opportunity for the bears to bring it down. Unless .9 level is taken back with a close.

AUD/USD

Hope you are right mate.

AUD/USD

No offence goodman, but is there a trend turn? I wish there is, but from the chart now, I don't see any but only bloodbath.

AUD/USD

Nice to hear a different perspective. Unfortunately, the fact that the RBA's chief is hammering his own country's currency is bad enough. No idea why he do that, perhaps political reason, I do not know.

AUD/USD

Sorry, if I have offended you in anyway.

AUD/USD

Technically, there is no reason to long at this point (unless scalping) and yet risky to short as well at such low level (unless .90 level is broken). image

AUD/USD

Putting technical analysis aside again and for discussion sake, the RBA have been talking down and hammering their currency. I am curious of their motivation for doing it. What is the benefit of a lower Aussie when the livelihood of the Aussie ...

AUD/USD

Usually, they can't be relied on from what I noticed. Market normally will act the opposite direction. I believe the results are only retail traders and exclude the BB's transaction. BB's transaction are normally the real killer which move the ...

AUD/USD

Hope I can share my view on Aussie. Not looking at the chart, fundamentally I am still bullish in Aussie due to the fact that Asia is still growing at a good pace and China destocking is slowing down, and bearing in mind that China has yet to deploy ...

AUD/USD