Egads, a bull pennant on the 30 min chart. I am not shorting now but reserve the right to go short later if things don't work out for the Aussie

AUD/USD

2 & 5 day EMAs have turned today in a way that signals a new bearish downward trend. In terms of fundamentals, can anyone explain why Goldman has had such an impact? I know they are a big player & all, but the reaction seems a little exaggerated..

AUD/USD

On the 15min chart the oscillations are widening and getting lower lows but the highs are capped around 93125. I think this means we will see a bit lower tonight, maybe around 9250. Next week might be a different story though.

AUD/USD

It's recovered as described last night however there is resistance at 9325. Warwick I agree that further resistance will appear at 9400. Looking at the daily, if it breaks that level then it could run to 9700 without too many bumps. Alternatively it ...

AUD/USD

Still a little early to call but it appears to be breaking out of the downward channel. My (tentative) targets are 9300 tonight and 9350 tomorrow.

AUD/USD

I dunno man. That's a bit of a doji on the hourly, plus it's not unusual to see a big red daily before another run-up. Maybe you are right but the fundamentals don't exactly point to AUD taking a pounding..

AUD/USD

Yeah Saxon I think this is a good place to get in. I'll just go 2 lots though. It probably 'had' to hit that MA before going back up. So far London has not sold very strongly which is a good sign..

AUD/USD

I doubt we will hit 10% this time around (assume you mean a cash rate in the vicinity of 8%?). Our economy would be toast before that happened.

AUD/USD

Risk is back in fashion for the time being so AUD will be helped up. The market seems to have put the possibility of a US rate rise to the back of their minds for the time being. I'm going long some time today in anticipation of a US rally tonight, ...

AUD/USD

A textbook bull flag forming over the last few hours. I'll be surprised if we don't break 9300, if not daytime then at least during Euro session.

AUD/USD

I think we are heading for 9500. There's still resistance at 9250 but it appears to be chipping away at that level. Expect more consolidation within the 9200-9250 range tonight with the rest of the week looking up.

AUD/USD

Yeah I doubt they'll raise rates. I'm still tentatively bullish, but will probably scalp for downside prior tomorrow's meeting.

AUD/USD

All I can say is.. overbought. There will be one massive hangover after this rally. Good opportunity for short-term shorts, and 9200 seems as good an entry point as any.

AUD/USD

Totally! I think he is talking tough to try and curb borrowing without having to wreck our economy with extra rate rises. Another hike next month would be surprising.

AUD/USD

What a rally! If you look at the channel it's been in for the last 2 weeks then there is something of a ceiling at 9150. It 'should' consolidate closer to 9100 before resuming upwards, assuming it's a new trend. If not then the big cycle kicks in ...

AUD/USD

trade_price I agree. If it ranges around 9150 for 2 - 3 more days then there will be a well-formed head and shoulders over the last 2 weeks. Conversely if it holds above 9200 and can break 9250 I'd be very wary of going short.

AUD/USD

Good luck. It's a little silly that AUD would rally because of USA Healthcare Reform. So maybe there will be a resumption of downtrend.. Currently I am trying to scalp both directions and trying not to fall asleep on this low volume

AUD/USD

It's currently staying within the downward channel that started this morning, so I have sold @ 9127 with stop at 9150.

AUD/USD

It's not too much They are just different ways of calculating the average price for an instrument over a given period of time. VWAP is based on the volume traded and TWAP is a time series average.. Dealers will often give an undertaking to a ...

AUD/USD

Certainly. These types of patterns could be a kind of emergent behaviour from algos that the instos use. Especially the simple ones like VWAP & TWAP.

AUD/USD