AUD$$ chart assessment

  1. 7.6k
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    Checking the weekly chart on the AUD, my assessment concludes me to believe that price will to around the 7050 - 7070 area at which point some consolidation will take place, with another push lower to reach around the 6550 - 6570 level. After that it's anyone guess.

    https://s5.postimg.org/pc94uesmv/au_weekly_price_extensions.jpg

    2 likes
  2. 7.6k
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    Looking at the daily chart 7430-7500 will provide strong resistance areas, if price reaches that zone, certainly look to sell for another push towards 7100.

    Price moving past 7100 in my opinion will lead to the mid 6500 - 6600.

    https://s5.postimg.org/h810po67r/au_daily_chart.jpg

    2 likes
  3. 4.5k
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    Bit of buying around .the 7940 level today . for the commodity bulls.

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  4. 4.5k
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    Specter of Political disruption in the Land of OZ ,with unknown numbers of politicians breaking the law '44 ' is weighing on the AUD/USD today .

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  5. 7.6k
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    Monthly Time Frame, seems likely more downside for this little battler that was once at parity with the US$
    Mid 60c then mid 50c

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  6. 7.6k
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    👍👍👍

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  7. 7.6k
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    Not long now, time to start selling USD$$

    2 likes
  8. 4.5k
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    Yep the DXHO 60 min futures is a sell IMO

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  9. 7.6k
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    0.5550 likely. At this level no point holding short anymore. Best plan start getting longs and holding.

    3 likes
  10. 4.5k
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    Taken a punt on the AUD long at 0.5535

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  11. 714
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    Shorts take profit level

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  12. 714
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    Wait for RBA announcement. Another cut coming.

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  13. 4.5k
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    0.5510 for the bottom drawer

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  14. 714
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  15. 4.5k
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    Boom! short squeeze up to 0. 5794

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  16. 7.6k
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    Did someone say go long 👍👍👍

    3 likes
  17. 7.6k
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    5935 looks like a good TP area.

    2 likes
  18. 4.5k
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    Great call on the buy Druss.Yep got out 5900 , got my buys in for the dip.

    1 like
  19. 7.6k
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    Any buyers around today

    1 like
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