AUD/USD sits at .9035, up from an early 9010. Talk has a well-known US think tank tipping RBA rate hike next week. Don’t have details, but will be lending the pairing support.
12 Responses to “AUD/USD holding up well; US think tank tipping rate hike next week”
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
ADVISORY WARNING: FOREXLIVE provides references and links to selected blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the blogs or other sources of information. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect's individual analysis and decision making. None of the blogs or other sources of information is to be considered as constituting a track record. Past performance is no guarantee of future results and FOREXLIVE specifically advises clients and prospects to carefully review all claims and representations made by advisors, bloggers, money managers and system vendors before investing any funds or opening an account with any Forex dealer. Any news, opinions, research, data, or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. FOREXLIVE expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. As with all such advisory services, past results are never a guarantee of future results.
AUTOREFRESH 
do you think aud/usd will go further upon rate hike or will it go down?
i think aud is already over valued against usd… are we seeing a parity here?
91 a possible if the equities hold up in NY today could drive it higher prior to data CPI
i’m not sure of the current rally as i indeed think that if at all there is a RBA rate hike, it should go with monetary report stating that aud is already over valued against usd. This should help in some sell off.. not sure though how in real this is gonna happen.. any idea?
Traders should be *thinking* that the AudJpy will *tank* at these ob levels
aud/usd can go max upto 9250 and then the top formation should let the pair retreat and ultimately go back to 8000 area.. if one can confirm the top, some decent short can be booked.. same goes to aud/cad and aud/jpy also.
Yes agree there shan
Hi Shan. what do you base ur 9250 max theory on?
Hi Giles…you remind me of Ashley Giles from UK..
anyways, this theory is depending on the analysis of the AUD performance in the past and the pure correlation with respect to sentiments. It will be utmost difficult for AUD to breach 9250 resistance and you can book your short profits which could extend its decline all the way to 8100/8000
Yes, well my friends do call me Gilo just like Ashley
Do you have a timeframe for this?
Order book guys:
1. Sell AUD/USD at 9070
2. If it reaches 9170, sell again for double the equity.
In a weeks time there should be a break out for aud/usd as stocks are rocking at this time and they need a break too
Cheers Shan