Long term target is 0.6000 so keep seeling into the rallies. Still short from 0.8005 having taken profit 1 at the 200 month ma @ 0.7765. Look out below now as there is nothing except the 100% fib extension at 0.7655 before 0.7500 which is my final ...

AUDUSD Crumbling Like the Roman Empire - More Losses Possible if .7700 Gives Way

Agree, I'm in short again as well. I think the trimmed mean result has sparked the algo's but the headline result is below market expectations and reinforces the rate cut scenario as its below the RBA target of 2% inflation.

Australia Consumer Price Index

Good call, and just be wary of the ECB tonight. A fair chance the AUD/USD will rally and EUR/AUD will fall if they announce a big QE program. I've been short from 0.8294 and am squaring up before the ECB.

AUD/USD – Key 0.82 Level Stands Up Again

And BTW, for us traders the AUD to 0.75 by mid year - the decline will likely be slow and orderly due to continuing offshore safe haven flows out of Europe. I'm still short from 0.8294.

Slumping petrol prices boosts Westpac Consumer consumer confidence

If you look at the fall in iron ore its a lot greater than the AUD depreciation, and besides the miners all price and cost in USD - its a disaster for them and will choke off any further investment for years to come. The housing bubble is a Sydney ...

Slumping petrol prices boosts Westpac Consumer consumer confidence

Disagree. Housing is not in a bubble and commodity prices will crash the economy. Its not just oil, but iron ore and copper. There is a global supply glut of each so the Aus TOT is bestoiken. Rates will fall 25bps before June and a further 25 bps by ...

Slumping petrol prices boosts Westpac Consumer consumer confidence

Classic short play developing at 0.8250 for the primary pair. The 200ema on the 4Hr is currently 0.8251, so I'll be shorting at 0.8255 with a stop above the daily 50 ema at 0.8340, target the 2008 major support at 0.7930 but taking 50% profit at ...

Australia Labour Force

Impossible numbers, but for the market it is what it is. 0.825 will probably be the ceiling again, representing a double fail if it reaches that far.

Australia Labour Force

Good luck with that, and don't trade with your emotions.

AUD selling as Copper crashes

Hows that thinking working for you?

AUD/USD – Seems Content Below Resistance at 0.82

Famous last words. Have a look at the COT, huge shorts balance with only the major wholesale traders on the other side, so wait for the new price point and then the short squeeze back to 0.8220 minimum - and beware the thinning volumes now that will ...

AUDUSD is through 0.8200 for the first time in over four years, stops triggered

A single lunatic

Australia – MYEFO announcement postponed

If you turn your chart upside down you'll get the correct answer.

November flash PMI signals weakest eurozone growth for 16 months

Nothing to see here, move along.

RBA Monetary Policy Meeting Minutes

I'm not a wave trader but my own custom indicator suggests that with the gap a little lower than I thought reaching the 50ema will be impossible for the next few sessions even with strong building data. Support is nearby at 0.8720 and then any ...

China Manufacturing Slowed Last Month as Growth Pressure Deepens

Likely to gap lower to the support at 0.8760 but no further as the number was still above 50, and then watch for the Aus building approvals data at 11.30am. This is likely to be strong so expect a bounce. The AUDUSD has been trying to reach the ...

China Manufacturing Slowed Last Month as Growth Pressure Deepens

GBP, CHF, CAD.

Don't Buy The Dollar, Just Sell The Euro - SocGen

Utter rubbish data - trade this at your own risk!

Australia Labour Force

Nothing to see here, move along.

Statement by Glenn Stevens, Governor: Monetary Policy Decision

I'll settle for 0.84 for a 900 pip profit!!

Guilt by association takes Aussie down with the Kiwi