AUD USD Is the bounce ever coming

phoenix25140

Active member
102 2
The fundamentals arent there, weve run out of news until next week and it seems last years low of .9581 has been broken but not smashed with any sort of momentum so some slight value may remain, gdp was expected but weak enough to see off any bounce, are we looking into a sell trade into the 2011 low territory? Thoughts guys? :?:
 

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PATrader

Junior member
44 2
The fundamentals arent there, weve run out of news until next week and it seems last years low of .9581 has been broken but not smashed with any sort of momentum so some slight value may remain, gdp was expected but weak enough to see off any bounce, are we looking into a sell trade into the 2011 low territory? Thoughts guys? :?:

First, what is your strategy when you make a trade. ?
 

NVP

Legendary member
37,584 2,008
The fundamentals arent there, weve run out of news until next week and it seems last years low of .9581 has been broken but not smashed with any sort of momentum so some slight value may remain, gdp was expected but weak enough to see off any bounce, are we looking into a sell trade into the 2011 low territory? Thoughts guys? :?:

trade what you see P...........I stopped trying to outguess the market years ago

N
 

up-down

Member
63 3
The fundamentals arent there, weve run out of news until next week and it seems last years low of .9581 has been broken but not smashed with any sort of momentum so some slight value may remain, gdp was expected but weak enough to see off any bounce, are we looking into a sell trade into the 2011 low territory? Thoughts guys? :?:

The party has just started, why you think it it will bounce? If it is the beginning of the trend, any bouce back will provide very good opputunity to short AUD, if the assuming is correct that means GBP will become more strong, it was under 200 EMA on weekly chart for many years. Also AUD has been over valued for many years, if it hits 1.0 again I'm out otherwise just short AUD.
 

Aspen Trading Group

Well-known member
427 1
The fundamentals arent there, weve run out of news until next week and it seems last years low of .9581 has been broken but not smashed with any sort of momentum so some slight value may remain, gdp was expected but weak enough to see off any bounce, are we looking into a sell trade into the 2011 low territory? Thoughts guys? :?:

The rally off the June 11th lows is encouraging and might lead to a sustained move higher. The AUD/USD chart below looks decent but much will depend on how the AUD crosses perform - specifically EUR/AUD and AUD/JPY - if they cannot sell-off/rally respectively, AUD/USD is not going too much higher.
 

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Aspen Trading Group

Well-known member
427 1
The rally off the June 11th lows is encouraging and might lead to a sustained move higher. The AUD/USD chart below looks decent but much will depend on how the AUD crosses perform - specifically EUR/AUD and AUD/JPY - if they cannot sell-off/rally respectively, AUD/USD is not going too much higher.

With EUR/AUD breaking down and AUD/USD holding the support level at .9428 I think this one has some legs to the upside.
 
 
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