infin0

infin0

Rejection sell and Breakout Buy

infin0 Updated 

There is a strong demand zone underneath so keep selling down to that level. The pop Friday night was sudden - I hope you were there.

infin0

A new trend has emerged, possibly due to the changing expectation of no further AUD interest rate cuts strengthening.

infin0 Updated 

Range bound and at top of heavy supply zone.

infin0 Updated 

Stuck inside a narrowing wedge. I am interested to see if it can make new lows and head back towards 0.7000

infin0

Head and Shoulders forming.

infin0

I was waiting for entry above .7050 but this just hit a double top and so now is best to sell short.

infin0

AUD is heading into serious weakness. Iron ore wont stay strong forever. Housing sector is in serious doldrums, Aussie growth is buggared (Aussie expression), wages and inflation are still very low. Interest Rate and recession incoming.

infin0

Looks like S&P has priced in all the latest good Fed news. Stuck at 61.8 fib retrace. This seems to me to be a high win/loss probability.

infin0

Seems to be fighting a point of resistance here.

infin0 Updated 

Trade open sell .7192. Action above .7200 appears to have failed. More weak data coming out of China. They are phony numbers anyway. Stop .7214

infin0

I am not convinced in this AUD rally. The last pop overnight looked like a blowoff. Aside from the trade talks China economic data is quite weak, and their stimulus (lowering banking reserve requirements) can only damage in the longer term. As such the Yuan is due for a pull back too. I have been on the sidelines but will start selling at 0.72250 area.

infin0

The AUD is approaching a key resistance/support line at .7200. If this is broken there is significant upside opportunity.

infin0 Updated 

Trade open. Looking for AUD to resume bearish movement.

infin0

I was stunned by how quickly the AUD collapsed this morning, and the take profit stop that I set on my open trade was taken out with ease at .6955. We now see that the pair has fallen back into its long term descending channel. We are now safe to open a new short with a stop of .69820. But if you are going to leave your position open overnight for goodness...

infin0

Open Trade at .70387 Stop .70187

infin0 Updated 

Top of daily tend line.

infin0 Updated 

Key resistance area broken with power. Moving back to higher price range.