Tag Archives: AUD

AUD/USD Sea Change

The AUD/USD pair bounced off an important support level in the last 36 hours, at 1.0150. Today, stronger than expected jobs numbers in Australia added support, but the big picture is deteriorating. A fall through the key support not only … Continue reading

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Aussie Dollar; New Zealand Dollar and Eurodollar – Cypher Patterns.

Guest Post by DV 34 Something a little different… for those interested in pattern trading  It is called the Cypher Pattern and sometimes referred to as a Royal Canadian. Unfortunately I do not know who discovered this pattern so cannot … Continue reading

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Canadian Dollar setup

The Aussie and Canadian Dollars have both had “safe haven” buying support since the Cyprus situation emerged. The Aussie: Swiss Franc pair recently broke through channel resistance and the Canadian Dollar could now follow suit.

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AUD/USD – Boundary Protection

Yesterday’s post – Buy AUD/USD on Trend Break – showed my stop entry order. After the release of jobs data today, AUD/USD rocketed higher, through the stop entry order at 1.0337. I should be long AUD/USD. However, my account shows … Continue reading

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Buy AUD/USD on Trend Break

Who will win the currency wars? Central banks in the US, UK, Europe, Japan and China all want to see their currencies weaken, regardless of whether this is their stated aim. The AUD is a bobbing cork in the global … Continue reading

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Buy AUD/USD on Reversal

The AUD/USD appears to be breaking upwards, breaching both resistance and a the medium term trend line. Fundamentals are less clear – many commentators are attributing recent weakness to anticipation of further interest rate cuts – a condition that was present … Continue reading

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Buy AUD/JPY Ahead of BoJ

The Bank of Japan today conclude’s a two day meeting. Markets are expecting a commitment to a 2% inflation target (up from 1%) and further measures to stimulate the Japanese economy through a weaker Yen. (For a full discussion of … Continue reading

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Sell AUD/USD – at Last

Traders bring personal bias to the market. We can’t help it, we are human after all (even if it isn’t always apparent!) Acknowledging our own bias is a key to overcoming it as an obstacle to successful trading. Lucky enough … Continue reading

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Die AUD Die

An interest rate cut didn’t do it. Weak economic data didn’t do it. What will it take for the AUD to fall? Traders at investment banks are largely expecting a fall in AUD, based mainly on the drop in Australia’s terms of trade … Continue reading

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AUD/JPY – a chart for today’s employment number

It would take a crazy brave blogger to make firm predictions about a volatile number like today’s employment statistics. I’m not sure that’s me. I do think though that today’s figure has the potential to be a decent market mover when it”s released at 11.30am. Aussie … Continue reading

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