I agree with your decision to exit. I have closed two of my positions but will leave the others open for the RBA statement with a stop above 8270.

Aussie Pairs

It means that traders are speculating 88,800 jobs which is less than expected. Rising trend means a rising dollar. If they come in below expectations that would have a negative effect on the dollar.

Non Farm economic derivatives auction

The RBA statement is later today so I don't suspect you will see a move below 8200 prior. The current range at 8222 has only been 35 for day so a small range. The current stall is also around yesterdays low which is lowest the AUD has seen since the ...

Aussie Pairs

Interested to hear other peoples opions on their short positions prior to RBA announcement and Non Farm. I currently have 5 positions short on the AUS from 8350 and will be taking two of them of the table prior to the release at the close of today ...

Aussie Pairs

[quote=starfire;1430704] But the bit to remember is, yes, we are likely going into a retracement, eventually maybe to the 76-77 level, before a further push up to a new high (Wave 5). Maybe I won't apologise, after having another look at your chart, ...

Aussie Pairs

The dollar broke through the key support level at 8230 today but bounced back. It will be interesting to see how the dollar reacts to the RBA statement prior to the noFarm. Most of the market seems to be moving on the possibility of the Fed leaving ...

Aussie Pairs

There market has factored nearly zero and the bond market has priced out any chance of an interest rate rise after last weeks PPI and CPI data. It will be interesting to see if it breaks strong support level at 8230 or if we have to wait for ...

AUD interest statement

Will we see a break of strong support at 8230? if interest rate statement comes out as expected then I think we will see this support broken prior to non-farm payrolls.

Aussie Pairs

Couldn't agree more. Thanks for the chart Seeking Light.

Aussie Pairs

As highlighted below you would think that most of the next move will be based on the Feds likley chance of an Interest Rate cut. The ISM report today may give some idea of what the FED might do. I think the report may have more significance based on ...

Aussie Pairs

My opionion on the AUS/AUD for this week is that we may see 8300 holding out as a key resistance level and ranging between it and 8200. Overall momentum being to the downside. ----------------------------------------------------------------------- ...

Aussie Pairs

For those interested in an explanation by video on this method here is a link to TradeHaven. url

CCI 50 System

For those of you who might trade the AUS dollar but do not have a localised view of the news here is a good link to AUS daily dollar report. url I am currently short trading the AUS/USD as I believe the momentum has changed to downward and we are ...

Aussie Pairs

Come on! where are the Antipideans? The AUS does not seem to be the most popular currency to trade on this forum but for the antipedians that frequent this forum there is usually a good wealth of trading and local knowledge. The problem with most of ...

Aussie Pairs

Will be interesting to see the the buy back reaction from today. I think if there is not sharp rebound then the sellers are winning! I currently have pyramided down from 8034 adding at most 5 min stochastics cross from the 80. This has worked me ...

NZD - A disaster waiting to happen

AUS Trading Group — I am interested if anybody thinks it would be a good idea to have a specific trading group thread for trading the AUS. Posters to the thread would have to get permisssions to add having a, certain amount of experience or ...

Aussie Pairs

There is still good interest to be earned on the AUS but we will be starting to look at the possability of the AUS depereciating. In that instance there is no point earning interest on a depreciating currency? %5 interest doesn't mean much if the ...

NZD - A disaster waiting to happen

With the low CPI the market seems to have discounted any interest rates for the rest of the year. So I think long term players will be looking to sell (just my opinion). From an expectation of 50% interest rate slashed to zero and the dollar being ...

NZD - A disaster waiting to happen

NAB Bank currency strategist Economists expect the headline CPI to rise by 0.6 per cent but Mr Kyriakopoulos said interest rates would stay on hold even if the CPI went up by 0.7 per cent. "It's not a smoking gun at 0.7 per cent, 0.7 per cent is ...

Aussie Pairs