Good charts Paul. Keep them coming. On a side note, while I agree the fundamentals aren't great for Australia, I don't trade fundamentals. Just my personal experience that the market follows technicals more often than fundamentals. And one of my top ...

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Thanks Buster...it's the nature of FF. People often criticized and few congratulate. I hope you are doing well and making pips!

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I don't follow oil so I have no answer. Know your facts before posting.

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Thanks for posting the charts. Aussie has had quite the run up lately without a pullback, so I agree...we were due for one as I mentioned a few days ago(retest .7700 area). Now to see if we go higher or possibly pullback a little further.

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You're funny man. Interesting how no one said one positive thing yesterday when I recommended a short trade, but cold chisel and you are quick to post negative comments. Shows the type of person you are. Let's give credit when credit is due and ...

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Brokers my friends, they can and do cause market movements.

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Now if you don't think the markets are manipulated, just look at the charts. Euro,pound, NZD have all dropped 70-90 pips in the last 24hrs against the USD and Yen and Chf charts have gone up 100pips. Yet AUD and Cad haven't moved much. I don't know ...

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well, if you weren't too greedy...there were 30 pips to be had on the above mentioned short trade.

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While I'm still bullish on Aussie. I see a possible short opportunity. I couldn't get to my computer quick enough, should have posted this about 10minutes earlier...but a short around .7820 with a stop around .7835-40 and normal 30-50pip target ...

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I must say I'm rather impressed(but not surprised) with the over 36hrs of buying on Aussie! There haven't been any real decent pullbacks to get in if you didn't enter after the gap down on Sunday.

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It was a trend change on the daily chart and below starting back towards the end of January.

AUD/USD

Great call this morning!

AUD/USD

At some point Aussie should come back to retest .7700-.7730 area. But the best part is even if Aussie somehow sold off 250pips, that would still leave it above .7500 which is a major support area. I see no reason for it to selloff that much though.

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Looking at the 4 hr chart, we've now had 24 straight hours of Aussie buying! So much for that fallout oil deal! HAHAHA. And that's exactly why I trade price action, not news or fundamentals! Happy Trading!

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And with that move up above .7750, we have made new highs on the 1hr, 4hr and Daily charts! Uptrend still strong, keep buying the dips!

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14straight hours of buying(4hr chart). Price hasn't closed below .7500 on the daily chart in a month now. Price right back up to last weeks highs. Bulls are still in control. Happy Trading!

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Great Job Aussie!

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Nice gap down to start the week(dip). I hope some of you bought the dip and are enjoying your pips! Nothing like a 90pip rally to start the week.

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Another day, another week, another Aussie rally. One day that will change, but not yet. Have a great weekend all!

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