Audusd

Discussion in 'Forex Trading' started by mikeenday, Dec 5, 2011.

  1. mikeenday

    mikeenday Guest

    what is the news here?
    China dropping?
     
  2. RBA announced 25bp rate cut



    http://www.rba.gov.au/


    chinese CPI later in week alomg with australian GDP and unemployment key aud movers
     
  3. Amber40

    Amber40

    Some economists expect 3.25% by the end of 2012
     
  4. sanfo

    sanfo

    Australia reported that it lost 40,000 full time jobs in November. This increased the unemployment rate to 5.3%

    though the economic is still very strong, AUD is ovevalued, more people will short AUDUSD now.
     
  5. Amber40

    Amber40

    If AUD/USD can stay above 1.0130/50, it is possible to see 1.0335 and maybe 1.0480 next...
    but
    If it goes below 1.0130/50 then 1.0020 is next...
     
  6. Amber40

    Amber40

    hmm I was wrong 8 pips, it was down to 1.0028
     
  7. Amber40

    Amber40

    not surprisingly yesterday AUD pulled back to 1.0160 and turned to south again. sell on rallies to go to 0.9820/0.9780 target area...
     
  8. Roark

    Roark

    I unloaded all my AUD. Thinking about getting long AUD relative to JPY, what do you think about the trade? JPY is looking weaker against USD, but stronger relative to AUD.
     
  9. Amber40

    Amber40

    still bearish on this pair. expected trading range is 1.0150 and 0.9700
     
  10. Amber40

    Amber40

    AUD is bullish but hit 1.0380 wall again yesterday... so if AUDUSD can break 1.0380 then 1.0480 next, however a close below 1.0260 indicates it will get back to 1.0170
     
    #10     Jan 12, 2012