Aud/Usd

Discussion in 'Forex Trading' started by ForexPro, Jan 13, 2006.

  1. What are your thoughts on this pair - long or short?

    Backdrop

    Even against dollar weakness and commodity price strength it appears to nudge/grind higher.
    There is a lot of resistance between 7565-7580.
     
  2. Long - Take profit at .7589
     
  3. Aussie has been range bound in the 72-75 range for a while. I'm expecting a move to 79 will come pretty soon, then a consolidation back into the 76-78 range.

    Runningbear
     
  4. Short at the rejection of .7580 (short is at .7565). Lots of Aussie weakness to come, and most of the traders IFR refers to are looking for a return to the mid 7400's. I could post the reasons why later on - I'm heading to the store right now :)
     
  5. Pretty high right now...Anyone shorting?

    -Kastro
     
  6. OfmY

    OfmY

    I went long @ 0.7505 and took 70 pips profit.

    Now break of 0.7540 would signal further shorts.
     
  7. Same strategy as above. Short on the rejection of that high, long on the bounce from .7480. Play the range.
     
  8. 2/2/2006 18:04 0.7622 0.7391
    2/2/2006 20:28 0.7623 0.7392
    2/2/2006 22:52 0.7624 0.7392
    2/3/2006 1:16 0.7624 0.7393
    2/3/2006 3:40 0.7625 0.7393
    2/3/2006 6:04 0.7626 0.7393
    2/3/2006 8:28 0.7626 0.7394
    2/3/2006 10:52 0.7627 0.7394
    2/3/2006 13:16 0.7628 0.7395
    2/3/2006 15:40 0.7628 0.7395
    2/3/2006 18:04 0.7629 0.7396
    2/3/2006 20:28 0.7630 0.7397

    GL
     
  9. GBPAUD
    2/2/2006 18:11 2.3659 2.3564
    2/2/2006 20:35 2.3668 2.3572
    2/2/2006 22:59 2.3677 2.3581
    2/3/2006 1:23 2.3689 2.3592
    2/3/2006 3:47 2.3701 2.3604
    2/3/2006 6:11 2.3717 2.3618
    2/3/2006 8:35 2.3733 2.3634
    2/3/2006 10:59 2.3752 2.3653

    GL
    KaL
     
  10. drasfs

    drasfs

    Im short. entered at 84
     
    #10     Feb 2, 2006