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Thread: AUD.USD

  1. #71
    Legend peat's Avatar
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    The RBA will announce its rate decision at 2.30pm AEST
    For clarity, nothing I say is advice....

  2. #72
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    Smile

    hI Peat,

    Yes that could be interesting,Re my long i held for 4 hrs but wasn't going anywhere,so exited

    for a small loss on 1 lot

    cheers
    roddy

  3. #73
    Legend peat's Avatar
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    better a small loss than a large one Roddy


    The central bank today left its key official rate unchanged 7.25%, as widely expected, at its regular monthly board meeting.
    For clarity, nothing I say is advice....

  4. #74
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    Wow. Long term trend change or a mere correction? I thought my feed was buggy but no, it has fallen 500 pips since I last checked.
    Disclaimer: Do not take my posts seriously. They are only opinions.

    AMR has sold all shares and is pursuing property.

  5. #75
    action-reaction arco's Avatar
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    >>>>>>>>>>>>

    Yes, quite a move......maybe 9852 was the upper limit for a while.

    Anyway I think we should see a reversal of sorts between now and .9000,
    so there could be an little opp against the current trend.

    rgds - arco
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  6. #76
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    What does your fibonacci/patterns say...I'm keen to go long now and take advantage of the commodity retracement. Some overhead resistance at .9000.
    Disclaimer: Do not take my posts seriously. They are only opinions.

    AMR has sold all shares and is pursuing property.

  7. #77
    action-reaction arco's Avatar
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    Hello AMR

    You don't say if this is a short term trade that you have in mind.

    My present thoughts are for slightly higher to 8820-50, then a potential retrace south. The structure looks a bit like a Bear Flag on the 1 hr.

    Fill me in on your idea - I'll see if I can be more helpful.

    rgds - arco
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  8. #78
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    hi amr , im with arco and expect a new low for aus quite soon

    what was interesting with this counter rally ( dollar weakness) was the fact that the kiwi

    was first out the blocks and therefore could be the first to signal renewed dollar strength

    so im positioning to short but not yet

  9. #79
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    Was actually looking for a longer term trade...I think the USD needs to retest the lows eventually. I was thinking it has simply fallen too hard and fast like back during when subprime first broke out in August 07, but heck that's not strictly TA.
    Disclaimer: Do not take my posts seriously. They are only opinions.

    AMR has sold all shares and is pursuing property.

  10. #80
    action-reaction arco's Avatar
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    Hello AMR

    Well the action reached a max of 8813 and has dropped as expected -90 pips so far.

    I'm not really a long term player, and long term is not always clear unless I can see a definite pattern in the charts.

    There are no BFs or Gartley on the longer term charts, but from the current action I think there is more chance of downside certainly for medium term.

    There could be some support coming in around 8576 (Jan low) and there is also an uptrend line around 8300-8350, so lets see what happens if it drops to those levels.

    rgds - arco
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