Australian vs US Dollar Forum & Chats (SKILLING:AUDUSD)

skoal1968

2 hours ago

drop drop been waiting since yesterday

2 hours ago

news tonight at 9:30pm est.
I don't know what this thing is waiting on. I could be wrong but all signs are pointing to a drop. Maybe I should prepare limit orders if it takes out upper liquidity around 0.645?

ald90039

2 hours ago

...still bullish dxy...for now.
next move is dxy shorts but when. I see dxy going to 102 at least, maybe 104 and I'd be surprised to see 106. I'm shorting EURUSD and AUDUSD until stopped out, with progressively tightening stops and watching momentum. My guess is that any risk on sentiment will compete with gold and jpy. I see EURUSD target at 1.11 and maybe 1.09, again depends on momentum. AUDUSD is being stubborn, I see a target at prior swing low of just below 0.60. imo global recession means less demand and commodity metals are dropping, demand from China should still be dropping, AUDUSD should still be pressured. Data this week was not necessarily good for USD but that didn't seem to matter. I think this is simply a counter trend trade against the htf trend. Some comments have dxy falling to 0.90 over the summer. we'll see. I follow the 3hr chart, macd and emas. The hardest part of trading is placing a stop and leaving it alone. Risk is the only thing I can control. I am a complete fool if I think that I won't ever lose. The best advice is to get used to losing, but spend more time in profit.