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USD is an unstoppable tearaway at the moment due to rising bond yields.

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very strong selling pressure on AUD. USD is globally strong at the moment as Bond yields rise.

infin0

AUD has struggled to maintain its breakout so I expect it to fall within its channel.

infin0

I had a short position, but once price crossed the trend line I switched to long.

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An interesting resistance point coinciding with some pretty bleak news re Syria which is spooking the markets. I am taking a short to see what happens over the next 24 hours.

infin0

After trading a tidy little gain over Wednesday and Thursday I stayed out Friday due to choppy conditions. I am watching for a long setup Monday as this falling wedge pattern seems to be breaking down with a new bullish trendline. Support at Friday's close of .7672.

infin0 Updated 

Not getting any strong indicators at the moment. I can only suggest that when the price reaches lower side of channel (.7650) to try going long, the counter to this is the US markets currently remain weak, that tends to correlate with strong USD. Iron ore is weakening too. I don't have a strong conviction at the moment but will have a shot based on the...

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looking long from support

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I think the AUD is looking very bearish at the moment. RBA wants it lower. US FOMC will be talking about raising rates overnight (not news though). Could go to 75c.

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76.388 is the next target

infin0 Updated 

I took the long out from 78.686 to 79. Now it looks like a short phase. I am still long term bullish on AUD but this looks technically weak at the moment.

infin0

Looking to see how it tests 79.151 50% fib retrace. I am seeing a longer term AUDUSD bullish simply due to US macro at the moment.

infin0 Updated 

AUD long as predicted. The next major resistance points are 78.8 and 79.8.

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A short sharp reversal is about to try and break the longer term bear trend. Interesting to watch.

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Looking for a breakout of the channel

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This week's news is very bearish for USD. Widening budget deficits and rising bond yields, gold price stronger.

infin0

Converging at the 50% Fibonacci retracement. Isn't this amazing!

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50% fibonacci retracement has arrived