infin0

infin0

Looks like it is heading to top of channel.

infin0 Updated 

A rapid move probably from longs closing out their positions. Very clear double top formation could see this fall all the way to bottom of the channel. Stop just above the resistance line.

infin0 Updated 

.739 has been rejected multiple times now.

infin0 Updated 

The current situation is a valuable lesson for me in taking profits if I am trading volatility which is especially the case for the Aussie. I was in the money by about 60 pips and then it reverses dramatically. The AUD is still going lower overall, this to me looks like a false breakout. If you would like to chat on telegram contact me here: t.me

infin0 Updated 

Looks like it is headed towards bottom of channel. Especially as the $SPX also looks like it is weakening.

infin0

This price point has been rejected several times now.

infin0

This where support action will be.

infin0

Trade the channel

infin0

That is a stunning change of mood given the interest rate hike was 99% expected. As US interest rates now continue to rise, the AUD now has almost no reason to recover (except maybe for a resource super rally). I stand by my earlier commentary that there is no knowing how low AUD can go now. After the sharp fall I did try a long for any reversal recovery but by...

infin0 Updated 

It's hard to know just how low the AUD can go at the moment as the Fed interest rate grows over the rest of this year. RBA forecast is no further rate hikes until late 2019, whereas Fed by that time will potentially have another 4. This turns the USD into a huge carry trade against the AUD. I am only new to fx trading but these kind of macro factors are...

infin0

It really is hard to know where the AUD can bottom out with this growing Fed interest rate differential. The USD becomes the carry trade currency. The US economy is going to run very hard until it completely collapses under the weight of federal debt and unfunded liabilities. Until then we will have a very strong USD.

infin0 Updated 

The trend may continue if the price bounces off the support point

infin0 Updated 

I am seeing the AUD follow the fortunes of the S&P at the moment. The S&P seems topped out at 2733 and prime for a fall within the next two weeks. My approach presently will be to see if the AUD rises to the top of the channel and then sell it.

infin0

After a spectacular rally the action has fallen below the support line.

infin0 Updated 

I've been trading this is and out long, a new spot has arrived.

infin0

I entered once the head and shoulders reversal looked solid.

infin0

A very fast powerful fall which is due for a retracement. Buy around the resistance level.

infin0

With the RBA confirming no Intended rate rises until November, The AUD looks set to continue weakening.The next major resistance level is $.7500 and if this is broken then next major resistance is at 73.3. Stay short.