Ausie interest rate decision??

Support level on the aussie keeps inching up providing very little downside for any short sales. With relatively uncharted territory and higher support levels, are we headed for another huge breakout over the next week or so, or a false one leading to a big leg down?
 
Well, if it was going to be strong and everyone believed so, the aussie wouldn't have been stagnant the past 3 sessions having traded in the same range, but with higher lows and lower highs (mini flag pattern?) Maybe this move is getting a little tired.

Took a long on the kiwi @ 7620 for a run toward 7670 once again with tight stop.
 
Anybody getting involved AUDUSD on the AUD employment numbers later?

It looks like it's getting bid up already.


el surdo
 
Quote from Surdo:

That was a non event.
I will look to start selling above .9000.

el surdo
More...


thanks, surdo. im new to the AUD---my cursory look seems to indicate nice moves.

surf
 
Kiwi stalled around 7437-7642 so closed trade at 40. Looking to re-enter at better price.

There's an uptrend symmetrical triangle forming in the aussie on the 1 hr and 4 hr so it might be ready for a leg up from these levels. Just these historical highs will have bears prowling for some profit taking.

Still looking for aussie to dip back. 8935-50 range should hold as 38.2 Fib retracement is at that level.
 
Maybe it's time to fade this high. Overextended in the fast timeframes.
Short @ 9046 spot, initial stop @ 9063. Looking at 9027-9030.
 
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