Ausie interest rate decision??

Quote from marketsurfer:

thanks. seems that way---8880 was also suppose to contain substantial stops. i think this spike is going to retrace.

surf

it'll probably be 8950 in the morning. right now they are clearing out the stops.
 
This is historically unknown area, i'd just like to mention the commodity aspect of this currency, not like anyone could have forgotten.

Everything, everything, the OZ produces is at vastly divergent highs, and compared to any previous $au high i can think of, not all those balls were in the court at the time, certainly not with USdollar index playing dead as it has been.
And thats WITH seriously crap wheat forecasts.

Maybe it is dead, you could poke it with a stick or something, i dont know, just thought id mention it.


That, and "kiwi" means New Zealander, not Australian, per se, culture lesson for the day.

:D
 
Went short at 8850 for a test to break the 8810 support line. If it fails, look for a run down to 8780 then 8750
 
Quote from cstfx:

Went short at 8850 for a test to break the 8810 support line. If it fails, look for a run down to 8780 then 8750

Put in a stop at 8830, will lower if pair breaks 8800, which it looks like it will do before tonite
 
OK stop was triggered for 20+ pip. 8810 held again (3rd time) - looks like they are trying to clear out stops at that level and if breaks might have a good leg down ahead of NFP. Friday morning all bets are off.

Until then short reset at 8850, SL 8910 for a run at 8800 - resistance at 8770-8795. If that doesn't hold, then next resistance doesn't show up until around 8610.
 

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Thursday Morning, here we go again.

Stops in the 8795 area held and it has rebounded to 8850. Still holding shorts for significant leg down. Targeting 8750
 
Quote from cstfx:

OK stop was triggered for 20+ pip. 8810 held again (3rd time) - looks like they are trying to clear out stops at that level and if breaks might have a good leg down ahead of NFP. Friday morning all bets are off.

Until then short reset at 8850, SL 8910 for a run at 8800 - resistance at 8770-8795. If that doesn't hold, then next resistance doesn't show up until around 8610.

Thanks for the graph! Nice job...
 
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