AudUSd

[Obsidian 10]

closed the week at 1.0482...AUD has been strong against USD for the last 4-5 weeks.

My short term target target was 1.0480/1.0500...

If bullish momentum continues 1.0570/1.0606 will be the next target...my very long term target is 1.1028...I am bullish as long as we trade above 1.0345/1.0300...

 

However, if the bears manage to take control and we trade below 0.9900, then I will be looking for 0.8800

[Obsidian 10]

Monday's move was blocked at 1.0571, today we may test that area again

[Obsidian 10]

My long term target 1.1028 is still valid, it may take some time to pass 1.0700/50 though...

[Obsidian 10]

My long term target 1.1028 is still valid, it may take some time to pass 1.0700/50 though...

 

Looks like bulls are building defenses around 1.0700

[Obsidian 10]

Today reached 1.0750 resistance...My money will be on the bulls, but not until they pass that level

[Obsidian 10]

closed 2/3 for 35 pips, moved sl to be

[Obsidian 10]

remaining 1/3 stopped at be...

 

hmm and gold is very bullish...

[Obsidian 10]

Open orders & positions statistics

[Obsidian 10]

The Reserve Bank of Australia is expected to cut its cash rate to 4.00% tomorrow...but what if that does not happen?

[Obsidian 10]

Reserve bank of Australia (RBA) leaves cash target rate unchanged at 4.25%

- Monetary policy is appropriate for the moment.

- Will continue to monitor information.

- Will adjust the cash rate as needed for growth and inflation.

[Obsidian 10]

Today reached 1.0750 resistance...My money will be on the bulls, but not until they pass that level

 

1.1028 is the next target...

[slick60 10]

1.1028 is the next target...

 

What is your time frame for getting to your next target? And I presume you are now long?

 

slick60

[Obsidian 10]

What is your time frame for getting to your next target? And I presume you are now long?

 

slick60

 

yes, went long yesterday. I think end of this month, maybe sooner, depends on how fast we can pass 1.0880 and 1.0985

[Obsidian 10]

imhvo today it is going to test 1.0620/00

[Obsidian 10]

almost there

lets see what will happen after it touches the trend line...I will either reverse at 1.06 or wait for 1.05...

[Obsidian 10]

If we close the day below 1.0750, we will revisit 1.0600 imvho

[Obsidian 10]

almost there as aud/usd is losing its strength. if it can't stay above 1.0680 today selling pressure will increase

[CYP 10]

almost there as aud/usd is losing its strength. if it can't stay above 1.0680 today selling pressure will increase

 

O,

 

Nice call...looks like it's hovering around the 1.0660 range today. Also looks like pretty deep drop if it really does break the 1.0600 level.

 

Regards,

 

CYP

[Obsidian 10]

Thanks CYP, 1.0609 is the low so far. 1.0680 is still the key level for the next move. If we slip before 1.0600 then I think 1.0490 will be the next stop

[Obsidian 10]

long at 1.0630 with sar at 1.0590 seems fine today

[Obsidian 10]

long at 1.0630 with sar at 1.0590 seems fine today

 

closed 1/2@ 1.0679...moved sl to entry...let it run

[Obsidian 10]

closed 1/2@ 1.0679...moved sl to entry...let it run

 

closed @ 1.0743. I may consider longing again though, maybe 1.0700 area

[Obsidian 10]

I don't think it is a good idea anymore, gonna wait and see how the week will end first...

anyway, have a great weekend all...

[Obsidian 10]

if AUD/USD breaks 1.08-1.06 range today, finally it will start moving towards 1.0985 and 1.1028

[Obsidian 10]

1.08 is a tough nut. it is better to hunt with the bears meanwhile...

if we close below 1.075, 1.068 is the next...