Your chart and your point does make sense. Actually, I have same conclusion in my mind. But I don't want to long it, just because there is no enough room above 0.9390 for AUD at this moment.

AUD/USD

There is no obvious trend...

AUD/USD

lol. How can he find out?

AUD/USD

Dow has difficulty holding 16k. I think RBA negative speech will let AUD retest 9300 area. It's not a bad buy position. Don't expect AUD will hit very low like 0.91 area. However, AUD can't hit 0.96 above without very good news from China.

AUD/USD

RBA might declare some negative which could lower down AUD to retest 9350 then even 9280.

AUD/USD

Really? If AUD can stay above $1, half of workers in manufacturing industry will lose their jobs. AUD could hit $1， but can't stay at that position for a long time.

AUD/USD

Still can't say this is real break. wait and see, If AUD can hold 0.9380+

AUD/USD

AU still needs more better news to push higher. EURO rate is lower than USD rate. If US Fed cut rates again, it will boost AUD to new high.

AUD/USD

Morning. Closed long orders just before market closed last Friday, and short at high open this morning. I prefer long 0.9280- 0.9330 area.

AUD/USD

Good news from China coming. AUD bull

AUD/USD

Well come to bullish clan. Risk still there, AUD might drop to 0.9250 area again. Based on the new FED's attitude to QE, I think 0.9200- 0.9300 is a bottom area. To reach 0.97 above, AUD needs very good news from China.

AUD/USD

IMO, It wil try 0.9385-0.9400 area again. Clear that zone, next target would be 0.9550. fail again, we can short this pair hard

AUD/USD

before revisit 0.90, AUD might pull back to 0.95 area first.

AUD/USD

New Chairwoman stop AUD drop further, but AUD still needs good news to jump from here. I long AUD here again.

AUD/USD

I think this is last dance of AUD Bull. Risk: China will release declaration in 1 week, next year‘s GDP target PROBABLY down to 7%-7.2% .

AUD/USD

0.94 ,0.9550 is coming maybe 0.9670,0.9750 . When USD/RMB below 6.00 by the end of this year, AUD/USD would be 0.98+.

AUD/USD

You are right. Considering oversea buyers use USD, JPY, EUR buy AUD to buy OZ houses, it might make AUD in 0.95- 0.92 area. Actually, house market booming leveled up consumer confidence index.

AUD/USD

If housing market is still hot with very high clearance rate, I reckon AUD/USD won't be under 0.92.

AUD/USD

Thanks for your advice. I think 0.9280 is a strong support area so I'm in. I admit trading against trend is quite risky.

AUD/USD