Thread: Discuss the AUD/USD, NZD/USD , USD/CAD and more

If resistance break's then 1,0300 is target for ,,iii'' in the 5 wave
1 h Chart

Originally Posted by Mary R

I could see AUDUSD making a final pop to 1.025 but I think the bigger money is going to be made on the downside in the coming weeks . The reality of slowing global growth is setting in, and the subtle message from the Fed is that they don't have any magic solutions. China is slowing to a rate of growth which is more sustainable over the long term as they slowly move from growth based on infrastructure and exports to internal demand. The European debt issues will be here for a long time - the markets will suffer from periodic flare ups of Euro debt-itis for years to come. And the US is in a sub optimal growth period no matter what the Fed does. Gold and iron ore producers are hedging after years of red hot growth in commodities demand, and this is going to have the biggest impact on commodity sensitive currencies like AUD and CAD.

Soon it won't be long before US stock markets move down to match prices that commodities sell for. Commodities like oil are leading the way down. Pairs seem to be peaking, and consolidating at the tops. Sideways action. True the downside always is swifter.

Thanks Gregory and Alejandro! You may be right Mary. I'm shorting into this resistance with a stop above that and the 200 day SMA now at 1.0247 on Marketscope. Not ideal though, contrary to the trend, I just like the levels for a short term trade.

Charts from today's Bulls vs. Bears webinar


Main presentation
http://blip.tv/dailyfxbullsvsbears/bulls-vs-bears-the-spread-betting-morning-update-june-21-2012-6215300

QA Session
http://www.livestream.com/dailyfx/video?clipId=pla_5c8af1a9-bee7-492c-8113-e7e8ee9b7037&utm_source=lslibrary&utm_medium=ui-thumb




AUDUSD

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loony sold at 1.02184


tg area 1.01875

Originally Posted by root-minus

loony sold at 1.02184


tg area 1.01875

booked most

secured

Oz Tgt 10075/35. set n off to bed. Will count ++++ pips in the morning.

DailyFX Plus SSI Update for 6/21/2012 : Short-Term EURUSD Bias Remains Bullish

$audusd testing support on trendline, RSI>50.

2 possible scenarios in my opinion, first is a bounce off trendline and 50 level RSI meaning a move higher and a long position in play or a breakout and a move to bear country (RSI<50) what do you think guys? let´s see where we go...

Seems we have a breakout, I´m planning to build a nice position if/when we hit 0058 (weekly lows)

I took the opposite side on $usdcad

Originally Posted by Gnarly

Seems we have a breakout, I´m planning to build a nice position if/when we hit 0058 (weekly lows)

I took the opposite side on $usdcad

Interesting - I think it can be good to buy now at parity with a stop at 1.0050 looking to reach 1.02 tomorrow

Originally Posted by Gnarly

$audusd testing support on trendline, RSI>50.

2 possible scenarios in my opinion, first is a bounce off trendline and 50 level RSI meaning a move higher and a long position in play or a breakout and a move to bear country (RSI<50) what do you think guys? let´s see where we go...

I managed to get in three lots before the US open, booked 1 on around yesterdays low. The trend line support levels now appear to be acting as resistance. A break of the classic daily S2 may expose parity, but has allready run over 125 pips from yesterdays high. reset my stop to break even and will look for the next bids this afternoon. Good Luck!

Originally Posted by fahmy313

target achived
just for you

Originally Posted by bucket_shop

I managed to get in three lots before the US open, booked 1 on around yesterdays low. The trend line support levels now appear to be acting as resistance. A break of the classic daily S2 may expose parity, but has allready run over 125 pips from yesterdays high. reset my stop to break even and will look for the next bids this afternoon. Good Luck!

I´m still in, looking to add one last positin around 0058/9