Ausie interest rate decision??

Discussion in 'Forex' started by marketsurfer, Oct 2, 2007.

  1. it'll probably be 8950 in the morning. right now they are clearing out the stops.
     
    #11     Oct 2, 2007
  2. This is historically unknown area, i'd just like to mention the commodity aspect of this currency, not like anyone could have forgotten.

    Everything, everything, the OZ produces is at vastly divergent highs, and compared to any previous $au high i can think of, not all those balls were in the court at the time, certainly not with USdollar index playing dead as it has been.
    And thats WITH seriously crap wheat forecasts.

    Maybe it is dead, you could poke it with a stick or something, i dont know, just thought id mention it.


    That, and "kiwi" means New Zealander, not Australian, per se, culture lesson for the day.

    :D
     
    #12     Oct 3, 2007
  3. NZD/USD & EUR/JPY charts are virtually identical.
     
    #13     Oct 3, 2007
  4. cstfx

    cstfx

    Went short at 8850 for a test to break the 8810 support line. If it fails, look for a run down to 8780 then 8750
     
    #14     Oct 3, 2007
  5. cstfx

    cstfx

    Put in a stop at 8830, will lower if pair breaks 8800, which it looks like it will do before tonite
     
    #15     Oct 3, 2007
  6. cstfx

    cstfx

    OK stop was triggered for 20+ pip. 8810 held again (3rd time) - looks like they are trying to clear out stops at that level and if breaks might have a good leg down ahead of NFP. Friday morning all bets are off.

    Until then short reset at 8850, SL 8910 for a run at 8800 - resistance at 8770-8795. If that doesn't hold, then next resistance doesn't show up until around 8610.
     
    #16     Oct 3, 2007
  7. cstfx

    cstfx

    Thursday Morning, here we go again.

    Stops in the 8795 area held and it has rebounded to 8850. Still holding shorts for significant leg down. Targeting 8750
     
    #17     Oct 4, 2007
  8. bendror

    bendror

    Thanks for the graph! Nice job...
     
    #18     Oct 4, 2007
  9. cstfx

    cstfx

    Yeah, but looks like 8910 is not going to hold. OH well!
     
    #19     Oct 4, 2007
  10. cstfx

    cstfx

    My nose just started bleeding. I think my ears just popped too.
     
    #20     Oct 5, 2007