Ausie interest rate decision??

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

  1. cstfx

    cstfx

    Support level on the aussie keeps inching up providing very little downside for any short sales. With relatively uncharted territory and higher support levels, are we headed for another huge breakout over the next week or so, or a false one leading to a big leg down?
     
    #31     Oct 10, 2007
  2. 9:30 PM NYC time aussie employment numbers.

    any thoughts?


    surf
     
    #32     Oct 10, 2007
  3. cstfx

    cstfx

    Well, if it was going to be strong and everyone believed so, the aussie wouldn't have been stagnant the past 3 sessions having traded in the same range, but with higher lows and lower highs (mini flag pattern?) Maybe this move is getting a little tired.

    Took a long on the kiwi @ 7620 for a run toward 7670 once again with tight stop.
     
    #33     Oct 10, 2007
  4. Surdo

    Surdo

    Anybody getting involved AUDUSD on the AUD employment numbers later?

    It looks like it's getting bid up already.


    el surdo
     
    #34     Oct 10, 2007
  5. cstfx

    cstfx

    lackluster reaction to the report so looking to buy on any dips back near support at 8950
     
    #35     Oct 10, 2007
  6. ok, expecting 8950 to hold?

    thanks,

    surf
     
    #36     Oct 10, 2007
  7. Surdo

    Surdo

    That was a non event.
    I will look to start selling above .9000.

    el surdo
     
    #37     Oct 10, 2007

  8. thanks, surdo. im new to the AUD---my cursory look seems to indicate nice moves.

    surf
     
    #38     Oct 10, 2007
  9. cstfx

    cstfx

    Kiwi stalled around 7437-7642 so closed trade at 40. Looking to re-enter at better price.

    There's an uptrend symmetrical triangle forming in the aussie on the 1 hr and 4 hr so it might be ready for a leg up from these levels. Just these historical highs will have bears prowling for some profit taking.

    Still looking for aussie to dip back. 8935-50 range should hold as 38.2 Fib retracement is at that level.
     
    #39     Oct 10, 2007
  10. KS96

    KS96

    Maybe it's time to fade this high. Overextended in the fast timeframes.
    Short @ 9046 spot, initial stop @ 9063. Looking at 9027-9030.
     
    #40     Oct 11, 2007