Now that was better, double bottom around .9360 and then a 65pip rally so far. Managed to grab 50pips. Calling it a week...have a good weekend all. Happy trading! one final thought...you know what's GREAT for the market makers on this 2 1/2 month ...

Australia Labour Force

A little surprised .9400held so well, thought was to obvious of a support/long area.

Australia Labour Force

I'd look for a stophunt just below .9400, then some reversal type candle/pattern, and then go long with first target a retest of today's highs. Next target .9500.

Australia Labour Force

Nice job to those who were long!

Australia Labour Force

Price Action told you this was coming...as mentioned early yesterday morning, long a/u once the daily candle closed above .9300. url Nothing on my charts says it should stop until maybe psych level of .9500-50. Or the Weekly 200ma closer to .9600. ...

Australia Labour Force

ADR is roughly 100pips

AUD/USD poised for breakout as Australia consumer confidence report looms

Personally, it appears the US has no problem devaluing the USD against a lot of different currencies according to the charts I'm looking at.

U.S. warns China over currency depreciation

One other thing, if you look at the daily chart...you can see this past Friday's bullish candle the closed above the bodies of all the candles earlier in the week...another clue price was going higher. Yesterday was just a nice little pullback to ...

AUD/USD poised for breakout as Australia consumer confidence report looms

Don't trade on hope....your odds of winning are horrible.

NAB Monthly Business Survey – March 2014

Well, considering news this week for Aussie wasn't really that good but the Aussie failed to selloff and stay down would be the clue it was going higher. Price Action is how to trade these markets...ignore the actual news number and trade how price ...

AUD/USD poised for breakout as Australia consumer confidence report looms

Unless the daily candle closes above .9300, I think the time has come for some selling. As bullish as I've been the past 2 months, things are looking a little overbought and exhausted. This could be the top/start of a correction lower(maybe retest ...

RBA Statement on Monetary Policy

Hit the stops of those who were short...then hit the stops of those who went long...now a little patience and let the true direction show itself.

RBA Statement on Monetary Policy

I also see a pattern...good China data, A/U rallies. bad China data, A/U has a knee-jerk selloff followed by a rally.

HSBC China Manufacturing PMI

You know what's trustworthy? Price Action.

Preview: RBA Rate Seen Unch; AUD, Hsg Price Comment Watched

Maybe, Maybe not. But if it does. ..I'll expect the same pattern to repeat if a/u sells off.

Preview: RBA Rate Seen Unch; AUD, Hsg Price Comment Watched

Getting closer to .9300

Australia Feb new home sales jump 4.6 pct-HIA

Yeah, we do right now...that's why I'm thinking a/u is waiting for news later tonight before making a move. Of course, that piece of US news just caused a nice little spike. For me, it's wait and see later tonight. I'd really like to see a retest ...

Australia Feb new home sales jump 4.6 pct-HIA

Agreed...not much going on either way. Don't see anything yet to get me back in long(not sure if pullback is over). And I don't have a Lower High in place for any shorts(would like to see .9300 area retested to see if it holds or breaks). There's ...

Australia Feb new home sales jump 4.6 pct-HIA

She's probably not going to say anything new or market moving. China and Aussie interest rate should be the catalyst to move a/u later.

Australia Feb new home sales jump 4.6 pct-HIA

I see the cycle is still repeating itself to start the week...any selloff on a/u is temporary followed by selling back up to the same level or higher before news.

Australia Feb new home sales jump 4.6 pct-HIA