It all depends where you go long at. I think many have sold already and will continue to but fundamentally the AUD is sound thats why we want the sucker play ;-) Its treated as a risk currency but when the market actually come to terms with it, it ...

AUD/USD

Yeah its bouncing nicely off the 1.0380 support. Paitence is the key here as 1.0450 contains. Think there are plenty advising to sell so we need those players to enter before we get topside momentum on a shortcover.

AUD/USD

Tourism always blame the currency. Retailers/manufacturers always blame the currency. If the currency was at 60 cents they still wouldnt get their act together and overcharge. Higher currency lowers inflation and fuel costs as well as cheaper ...

AUD/USD

AUD/USD @ 1.0400 Now there are two camps the bears ( technical & risk off) and the bulls (fundmentalists) Im in the bull camp. Reason AAA rating Gold producer High Yield China buys resources for internal infrastructure Litte exposure to Europe and ...

AUD/USD

AUD @1.0750 Support at 1.0680 held nicely and we saw a welcomed bounce to 1.0785. The plan of attack is to go long using 1.0680 support fail as a signal to exit. Hold for a bounce back towards 1.09 Get Busy and happy trading

AUD/USD

AUD @1.0750 Wow I guess many didnt see that coming as we have all be attuned to orderly ranges. The movement lower hasnt been a dump but rather than a dead cat bounce. That seems to me that many are trying to bottom pick. 1.0680 is the major support ...

AUD/USD

AUD/USD @1.0900 With RBA rate decision now out of the way (no change in int rates) AUD has fallen to support zone 1.0890-20 area. Many have read into this that the RBA's next move will be a cut because they havent acted on inflation numbers. RBA did ...

AUD/USD

AUD/USD @1.0970 As the saying goes "Whatever Asia does on Mondays do the opposite " So today is RBA day and some are looking for a rate hike but as many of the stats have been conflicting because of certain events, I can see the RBA holding off. ...

AUD/USD

AUD/USD @1.1020 When there is ever a time not to play, it is now, unless you love throwing caution to the wind. Good luck

AUD/USD

AUD @1.0990 Square up ahead of weekend as AUD fails second attempt at 1.11 Even though we are in a support zone not really willing to take on position over the weekend. AUD/NZD @1.2655 Really no change since yesterday 1.2600 -1.2700 covers it but ...

AUD/USD

AUD@ 1.1030 No real change in view 1.1000-10 buyers sellers 1.1080-00 To get it outside of this we need some news. AUD/NZD @1.2685 Finally NZD has given up on AUD and perhaps will see this continue towards 1.28 Buyers should be seen around 1.2620 ...

AUD/USD

Yes these are pretty much mirrored effects as per previous 1.09 & 1.08 .. Sometimes markets develop these patterns.. It might have to do with barrier options placed at the big figs.. There is rumoured to be another at 1.1100 So ground hog day.. sell ...

AUD/USD

Thats exactly what the market is thinking as it slowly creeps up

AUD/USD

AUD @1.1040 Seems like a mirrored play like at 1.08 and 1.09 Support will be around 00/10 zone as we ratchet higher. My beloved AUD/NZD got a boost but not as much as I wanted as our Kiwi cousins seem to marching to the same beat. Support should ...

AUD/USD

AUD @1.0950 CPI day and its another toss of the coin. Remember though AUD has disregarded bad fundamentals for the past few months. Im not saying a poor number will not result in a sell off but it seems demand is evident. There are a few who are ...

AUD/USD

AUD 1.0850 market tested both sides of the range but seems overall supported. NZD data has seen Kiwi fall from its highs. AUD/NZD has formed a triple bottom on the H1. around 1.2490-00 Maybe worth a long for a retrace back toward 1.27-1.28 zone ...

AUD/USD

AUD @1.0845 Already we have had some risk on and off appetite with Gold at 1622 ish high. It going to be one of those days where eyes will be glued to the newswires about US Debt. If you dont have live news then you will be flying blind. Anyway I ...

AUD/USD

AUD/USD 1.0845 Finally we got a breakout but its not that exciting.. I mean 50 odd points from the major resistance. I was expecting more. Anyway its a start.. selling interest seems to be capping at 50-65 area which is some technical point Fibo ...

AUD/USD

Another bad number for Australia but how many times have we seen this AUD shake this off. Its up to the sovereign buyers who want the yield now over the trade fundamentals. It could go either way.

AUD/USD

Update 1.0755 Despite my pessimistic outlook over the past few months, AUD has managed to hold on despite some bad economic data. When bad data is thrown at it and it wont go down a positive number can give it a catalyst and all is forgotten. Kiwi ...

AUD/USD