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Thread: AUDUSD

  1. #31
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    Now we can see an upward correction from 0.6906 support level. This level is strong and I hope it will be able to withstand second attack of bears.


  2. #32
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    The AUD/USD pair initially fell during the course of the session on Tuesday, but found enough support to turn things back around to form a hammer. The hammer of course suggests that the market should continue to go higher, but there is a massive amount of resistance all the way to the 0.72 level at the very least.

  3. #33

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    So, bulls are trying to start new upward trend, but bears are still strong. So, I'm waiting for sell signal now.

  4. #34
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    Wow! There was a dramatic growth last week. And no any downward correction at all. So, some roll back is expected on the openning.

  5. #35
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    There are no high-impact releases due today concerning the AUD. Regarding the USD, there will be a release of Building Permits data at 1:30pm London time.

  6. #36
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    The resistance at 0.7272 has held but the price action looks too unclear to say this level is probably going to hold.

  7. #37
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    The AUD/USD pair went back and forth during the day here on Monday, as we continue to see interest somewhere near the 0.72 level. However, this is a market that will be beholden to the gold and of course commodity markets in general. With this, we believe that this market will continue to see a lot of volatility, but at this point in time we are bit hesitant to put any real money into this market. We are waiting to see whether or not we get a selling opportunity, but at this point in time we do not see one.

  8. #38
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    The AUD/USD pair broke higher during the course of the day on Tuesday, testing the 0.7250 level. If we can break above there, the market could reach towards the 0.7350 level, but at best would be a short-term buying opportunity. We believe that the market will more than likely run into sellers sooner rather than later, offering a selling opportunity. The one thing that we can count on is volatility at this point in time, so having said that we are very quick to take profits when we find them. With gold markets being volatile, so will the Aussie dollar.

  9. #39
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    The AUD/USD pair went back and forth during the course of the day on Wednesday, as we struggled a little bit to continue to go higher. With this, the market should continue to struggle in this area and as a result we are looking for some type of resistant candle in order to start selling. The 0.70 level below is the “target” at this point in time, so therefore we will not hesitate to start selling if we get a break down below the bottom of the range for the session on Wednesday.

  10. #40
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    The AUD/USD pair initially fell during the course of the day on Thursday, but then turned back around to form a bit of a hammer. The 0.72 level of course has offered support, but we think there is a significant amount of resistance above at the 0.73 handle or so. We believe that resistive candles above should be selling opportunities, as the gold markets are not necessarily strong. On top of that, the US dollar continues to be one of the stronger currencies around the world, so given enough time we believe that this market drops.

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