Easy strategy - just follow trend. Any rallies will be a good position to short. Next support at 0.75.

AUD/USD

No sign of reversal. Unchanged strategy, sell on rallies.

AUD/USD

AUDUSD making new lows and breaking support without any significant news. Could be early sign of sort. I am not sure but buyers do be careful. Like I always say, there are no such thing as oversold or overbought in forex.

AUD/USD

I agree too that this might be the scenario. Everybody wants their currency to be lower than the other, its the race to the bottom. Both technically and fundamentally AUDUSD is bearish. There are no reason or indication of a reversal, the overall ...

AUD/USD

Good entry. Both currencies are weak imo, therefore i gave it a missed.

AUD/USD

I think he shorted EurAud.

AUD/USD

What is your target?

AUD/USD

Nothing to cheer about on the green results as they are still falling short against the target. I suspect the usual, that the rallies would be opportunities for sell off.

AUD/USD

url I think AUD is screwed! We are making new lows. RBA next CB to lower rates?

AUD/USD

I guess the trend continues. Since yesterday, this pair is selling off without any significant news. A saying on this pair, sell on all rallies.

AUD/USD

Seems to be a head and shoulder formation too.

AUD/USD

Don't look like a IHS to me. More like merely a slight profit-taking after a month long bear move, furthermore, the week is closing, good to take some profit off the table. 0.82 are still resisted.

AUD/USD

For several days, daily candle crosses this level many times but failed to close above this level 1205-1208. As such, my stand are still bearish. Previous short rallies seems to be fake out. Just my opinion.

Only Gold!

Somehow for the past few days, daily price did not close above the critical S&R level at 1205-1208 level, which I mentioned earlier. Would be interesting to see if it is indeed a reversal or merely just a fake breakout which is common in Gold ...

Only Gold!

Seems that next stop at 0.80, then onwards to 0.75.

AUD/USD

Simple, because Stevens wants it at 0.75. You can't blame them, they are just following instructions.

AUD/USD

Well. I am still looking at the 1205 S&R to see if the day candle close above or below this level. Nevertheless, the long wick tells you something ...... that the bears are still around and strong.

Only Gold!

EURUSD and GBPUSD now rallying more than 100 pips! But AUDUSD is still lagging behind, just show how weak this pair is.

AUD/USD

1200 was a round resistance. 1205 was a better S&R line. Lets see if the day candle can close below or above this line.

Only Gold!

image Just my personal view, technically 1205 served as an important S&R line. Having breached thru this level yesterday, Gold looks set to head lower. A weekly close below this level will confirm the bearish view.

Only Gold!