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AUD

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noirua said:
Then it's a free for all and people could pay in mixed foreign currencies. I did stay at a border hotel that took French and Belgian Franks, and German Marks. Even paying with a mixture of all three.
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So, what currency are Zimbabweans paid in? A mixture?
 

However, there is ALWAYS a significant downside, whether the move is up OR down. What about the price of unleaded & diesel? It's already shot up when AUD was nearer 70c, let alone the 50's? I wonder what price if/when AUD hits mid 50c's? Much higher fuel prices right now or in the coming months can't possibly be a "good thing", can it?



aj
 
its a by-product of our cheaper currency. imported things cost more, exported things become cheaper.

if its a choice between jobs and 20 cents of petrol price, jobs will win every day.
 
Trading at the moment at 63.6 cents and interesting to see what happens this week. Drop of 3/4% or 1% in interest rates favoured, will they go for 1 1/4%.
 
noirua said:
Trading at the moment at 63.6 cents and interesting to see what happens this week. Drop of 3/4% or 1% in interest rates favoured, will they go for 1 1/4%.
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Yeah, going to be interesting... but I have a feeling it may not go much lower for now... on the five min chart I'm actually looking at going long any time for what I think may be a short and sharpish wave 4, since we hit 6340 this morning to make my leg 3 longer than 1.
 

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i look at that and see a strong downside resistance which if broken could see the AUD have quite a fall.
 
Yes, I woud agree with that norman... has actually broken below slightly... but waiting to see if it's a false break.

If I recall my EW correctly if C is steeper than A, there's a good chance of C extending. Conversely, my EW count has the C leg turning out to be much flatter than the A leg... lessening the chance of an extension... maybe.
 
Now down to 62.78 cents and hopefully this continuing steady drift will prove helpful.
 
Stormin_Norman said:
very much so. for my positions as well as our, and the world's economy.
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Yep! Banking on a big interest rate reduction and 59c should come up quite quickly. Whether this would show a definite double bottom on the chart or not is a bit unclear.
 
The AUD is slipping very gradually with occasional misleading rallies before the downward trend continues. Now at 0.64068 (reverse 1.5608) to the greenback.
 
The AUD stands firm at very low levels or is it standing on a ledge ready to drop further, suddenly? Demand for the Aussie looks set to come under pressure as coal prices move down and pricing agreements at higher levels run out on 31st March 2009.
AU$0.64662 to the US$1.
 
hi, I`m new here in this forum

I think if the daily bar close above 0.6520 it next target is round about 0.7170
 

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Is it true that trading in AUD/GBP and AUD/USD has been on very thin volumes in the last few days?

I don't follow currencies so would appreciate a better informed perspective.
 
noirua said:
The AUD is slipping very gradually with occasional misleading rallies before the downward trend continues. Now at 0.64068 (reverse 1.5608) to the greenback.
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Hi noirua... why do you think they are misleading rallies?

i_in said:
hi, I`m new here in this forum

I think if the daily bar close above 0.6520 it next target is round about 0.7170
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Yeah, welcome i-in.

You and me both got the recent peak pretty right... just crashed to sub 65 as I type... probably wave iii of c.

Misleading 'rally' coming up soon noirua ... wave iv before bottoming out to launch north again.

solomon said:
Is it true that trading in AUD/GBP and AUD/USD has been on very thin volumes in the last few days?

I don't follow currencies so would appreciate a better informed perspective.
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Don't take any notice of volumes solomon, but are you worried the AUD is weak?
 
thanks for the welcome

0.6550 is strong resistance
expecting zigzagging above/bellow the line
hope so , it needs to hit 2468 first to verify my bulish scenario
don`t know , only guessing
the next is 6850-6860
 

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Apologies for not replying earlier Whiskers. I think, that the AUD, roughly speaking, is just batting around casually and will move to 59c, imho.
However, you will notice from this link that Morgan Stanley is going for 53c: http://www.bloomberg.com/apps/news?pid=20601081&refer=australia&sid=af49bMV6u4EE
 
This thread has been very quiet the last few days.
With the AU now above 66c, do people still think it will fall below 60c?

They way I see it, even if equity markets were to fall down another leg. Gold will go up, oil will unlikely go below $35 and commodities including agriculture will probably hold ground.
 
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