Possible bull pennant forming, breakout depends if we get enough volume today

AUD/USD

If you look at the last 3 sessions the yanks have been loading-up on AUD, the exact opposite of what they were doing a few weeks ago. It will be interesting to see their reaction tonight. So we may not have seen the 'local maximum' yet. If it goes ...

AUD/USD

I could accept that if the Chinese were inside-trading prior to the announcement but there was no indication of such activity.

AUD/USD

Sorry but that makes no sense. How did the technicals convince the politburo to raise rates?

AUD/USD

Something is going on.. China reported CPI below expectation the other day. Is it an attempt to control asset bubbles? That reminds me, our property bubble is due to pop any day now

AUD/USD

The movement we just had was due to a news event out of China, how does EU factor in?

AUD/USD

Support @ 8840?

AUD/USD

Thar she goes, very quick drop! Well done

AUD/USD

We know AUD is overvalued, but overseas they are looking for excuses to bid the bloated carcass back to mid-90s. Anticipating other's greed is a valid trading tactic.

AUD/USD

Channels rarely last. My chart says sell. I am not a fundamental trader. If I do get stopped out, I'll re-enter higher. OK you are trading at a different time-frame to myself. My most short-term chart is 1 week with 30 min bars. Plus a 1 year chart ...

AUD/USD

Two reasons: Firstly there has been enough positive news lately to cause a shift in sentiment. Secondly the chart supports a rebound to 9100 based on the channel it's been making over the last 3 months. So you mean it has lower short-term volatility ...

AUD/USD

Is there any doubt we are now in an uptrend over the next couple of weeks? Maybe some scalping opportunities on small movements in either direction.. even the US market is set to be fairly uneventful so it's currently in a holding pattern. My usual ...

AUD/USD

I reckon 6500 is possible and 7500 is almost a certainty at some stage. Things look good for us on the surface; but we have massive private debt, bogus employment numbers, a one-trick-pony economy, and to top it all off we have a Labor government in ...

AUD/USD

Clouds that was an excellent call, how did you know?

AUD/USD

I'm going out on a limb here.. what do people think of the possibility that it cycles back up to 9100 before dumping back to 8500 (over the next month or so)? Of course the timing depends on news. But there appears to be someone out there who is ...

AUD/USD

I give up, what are you comparing against?

AUD/USD

Agree. I knew it would break 8800 but this was just too fast. It has to consolidate closer to 8810 or 8800 before more of a trend up. There are buckets of resistance at 8900. Any concerted move above those levels will be a Waterloo for shorts ...

AUD/USD

It does look like a flag...

AUD/USD

These days whenever I get up in the morning, there is always a surprise waiting. Why does all the action happen while we are asleep? I bet if I place a sell at 8800 it will be at 8825 by breakfast time. Problem with being antipodean I guess.

AUD/USD

I have to concur with those who are bullish in the short term. It has met considerable resistance at 8800. If the Americans break through this level I expect it will go to 8850 rather quickly. If the test fails then I see it falling back to the ...

AUD/USD