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infin0 Updated 

The support of .7892 has been tested 5 times now. With a falling top the AUD looks almost ready to break lower.

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Either we rise back into the channel or break the support line. No position currently. Tony Cousins from Pyrford international says t. With equities and bonds looking unattractive, one area of return for Australian investors could be the currency, Mr Cousins said. "The silver lining to this cloud is that the Australian dollar is expensive," he said. "It's...

infin0

AUD support at 78.9. I read an article today on zerohedge which explains why the USD is looking weak for the medium term. The wild swings outside the channel indicate volatility and lack of a clear trend. www.zerohedge.com Dollar weakness ultimately goes back to two major problems for the greenback this year. First, US asset valuations are extremely...

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Last Fibonacci retracement broken strongly. Staying long until the channel is broken on lowside.

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That dip knocked out my stop loss! What a wild night. But this seems to confirm an ongoing bullish trend.

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The head and shoulders formation has been broken and it looks like a bullish AUD is developing. USD sentiment is a bit weak at the moment too.

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Concerns about growing US deficits is placing pressure on USD.

infin0 Updated 

looking good so far. shorted from 80.5. RBA's dovish comments mean sharp fall further likely

infin0 Updated 

Tops at 79.06 and then 78.30 indicate falling support. Big test at 78.01 50% Fibonacci retrace.

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Temporary breakout with double top. Test at 78.1 (50% retrace)

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Major 50% retracement test for support. The fall is so hard and there is so much bearish info re US interest rates I can't help but think it will crash through. Fall has been very powerful.

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Trend channel broken, US future interest rates and rising bond yield will weaken audusd back to 75c or lower. I have shorted at .805.