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  1. #1
    Legendry Member milos's Avatar

    This week AUDUSD downtrend !!!

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    Home Loans,Monday,1.30
    Chinese GDP,Monday, 2.00
    Monetary Policy Meeting Minutes, Tuesday,1.30
    New Motor Vehicle Sales:Tuesday,1.30
    5RBA Assistant Governor Guy Debelle Speaks,Tuesday 2.45
    MI Leading Index: Wednesday, Thursday 00.30
    NAB Quarterly Business Confidence, Thursday 1.30

    Key levels

    1.0555 Resistance
    1.052 Resistance
    1.0475 Resistance
    1.04 Last
    1.0375 Support
    1.0345 Support

  2. #2
    Specialist Member marvel's Avatar
    The Aussi made strong bearish move today starting from 1.0570 and ending close to 1.0370. That is almost 200 pips one day move! It was not isolated event, all the commodities were down, also SP500 and USD/JPY, but the gold decline was really massive from 1490 in the early trading hours to 1363 now! I am just wondering what will happen next?

  3. #3
    Veteran Member's Avatar
    The drastic fall of Gold from 1564 area till 1320 region also impacted Aussie and Canadian dollar in a negative way, as both these currencies are commodity currencies.... Aussie fell sharply from 1.055 region till 1.0290.... but is back above 1.0350 currently...

  4. #4
    Solid Member Peter Green's Avatar
    Hello guys! I have been offline for a while during my vacation and now I am again ready to trade! I saw there was big surprise in the morning Monday hours with gold and silver free falling but now the situation looks more stable! Euro is 140 pips up today and gold, silver and oil prices are ranging stable. I am expecting some retracement back higher after the markets absorb this move and become more stable later this week so I will buy a lot of put options, especially on the AUD/USD

  5. #5
    Legendry Member milos's Avatar
    I think Aussie will recovery in next few days.

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