Traders looking for a civilised, informed, intelligent discussion re the Aussie dollar are welcome to post charts and comments here.
Serial pests and those incapable of respecting other traders will be banned from posting here.
To get the ball rolling, I'm interested in AU long @ .9860. Market may be ready to settle, keeping in mind the dead cat bounce that often happens after a period of volatility and market nerves.
When going long AU, I prefer to see resistance and bearish engulfing candles in the EUR/AUD cross. There is resistance on the EUR/AUD chart at this level (see below) and a sizeable gap, indicating that AU is not done with north just yet.
Let's see if AU retraces its steps, the S&P futures and Dow seem to be stabilising and recovering lost ground.
Good trading all.
Serial pests and those incapable of respecting other traders will be banned from posting here.
To get the ball rolling, I'm interested in AU long @ .9860. Market may be ready to settle, keeping in mind the dead cat bounce that often happens after a period of volatility and market nerves.
When going long AU, I prefer to see resistance and bearish engulfing candles in the EUR/AUD cross. There is resistance on the EUR/AUD chart at this level (see below) and a sizeable gap, indicating that AU is not done with north just yet.
Let's see if AU retraces its steps, the S&P futures and Dow seem to be stabilising and recovering lost ground.
Good trading all.
Let's go DODGERS !!