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Aussiedollarshort

AUDUSD SHORTThe fundamentals point towards a fearful economy for Australia. "Australia's central bank flags chance of further sharp fall in unemployment" was the most recent update after the Monetary Policy Meeting of the Reserve Bank Board. This month, at least, we should be expecting that to be enough confirmation to change bias to short. The United States has had better recent employment figures this month than it did in the previous couple of months. Strong employment vs unemployment, this ones pretty obvious. The technicals shows price rejection from 0.7300 resistance. Price looks to be headed toward 0.7200 support level.
Short
by bajapips
AUDUSD still bearishHi guys, After one month vacation in China, Hong Kong, and Canada, I finally returned back to Australia. Let's see this currency pair how bad it was. By using simple trend line analysis on the left chart, you see the recent structure retested back to a black valid trend line that drawn from 2016-01. The red star gave you some ideas that AUDUSD could not able to breach a certain level near 0.7665. Some people may notice a bearish MACD divergence, some may see a dark cloud cover candlestick pattern. Netherless, they are all bearish signals. On the other hand, Ichimoku analysis on the right found 0.7665 was also a strong resistance. The next stronger one was 0.7613. Today's insights We are looking for demand zone or support area. By moving the chart to the past, you may see some supports found on 2016-11 and 2017-05. Left chart We may apply the same range of a bearish flag pattern,there are two targets. Target 1: somewhere between 0.7326 and 0.7373 Target 2: 0.7169 (only if more bearish movement applied) Right chart: Since 0.7454 was a strong support in May, Ichimoku traders need to be patient to see one or two more day to see whether tenkan-sen cross below kijun-sen. If it applies, we then look for chikou span support in the past, the demand zone is very similar to the left chart. Target 1: somewhere between 0.7313 and 0.7346
Short
by SoloTraderAU
1
AUD / NZD - Pullback around 1.075 & SHORT 150pips+I've been tracking this fun pair for some time, long-term we're in a bearish channel coming off the 2010 crash, and we're rotating nicely down through the channel, we hit the top of the channel October 2017 and we're now on the bearish leg, having failed a bull push back up through the descending trend line which has now been respected by formation of a lovely pin bar, which is our signal to look for an entry, if you don't know how to enter, read my link below on how and when to enter. There are many areas of support which will respond, the channel center line is a major one @1.065, so be aware of that. I'm not expecting a gap down on open, but if we do, wait for a pullback to 1.07 to enter, otherwise look for an entry around 50% up the pin towards 1.075 area. Patience pays, happy hunting!
Short
by CBMotivation
2
AUD / USD - Trend is our friend - SHORT I got into this trade May 23rd @0.7568 and it's been hovering around 0.75600 just below the point of control and trying to break the previous resistance @0.76 and it's bounced around the 200 moving average. On 4h divergence is present the whole time the bulls have pushed higher, therefore reducing volume, their heart is just not in it. They've now failed to break the high and we've had a serious attempt by the bears to push past 0.75580, I'm now expecting a pullback and the bears to try the second move. Stops @0.762 Target @0.74
Short
by CBMotivation
16
USD/AUD ShortLooking for an opportunity to buy dollars & sell another currency? Selling AUD presents an attractive opportunity at the moment. Australia is a currency heavily dependent on commodity flows as well as production of its trading partners. With the weakness in PMI's out of Asia coupled with Australia's private sector credit remaining a noticeable concern - downward pressure should continue for the Aussie Dollar. Additionally, real rate differentials are negative currently between the US & Australia - as well as inflation expectations continue to rise in the US - the AUD may experience further depreciation. Australian equities & Asian equities traded downwards off the weak data which could continue into the near term. For other trade ideas be sure to check out Quantamize's profile
Short
by Quantamize