AUDUSD Trading Strategy As At August 12, 2015

Was the AUDUSD damaged by the devaluation of the Yuan?

Lets have a look first at the chart. You can see that this pair has moved up a long way from the low of the day and is now trading at close to the high of the day, and higher than it was a few days ago.


                                                     
                                                                  
Here are some comments from earlier in the day.

AUD/USD Technical Analysis: Aussie Dips to Six-Year Low - DailyFX
 Wed, 12 Aug 2015 08:59:21 GMT
DailyFXAUD/USD Technical Analysis: Aussie Dips to Six-Year LowDailyFXThe Australian Dollar dipped to the lowest level in over six years in the wake of China's second Yuan devaluation in two days. Near-term support is at 0.7219, the 23.6% Fibonacci ex ...
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AUDUSD orders 12 August - ForexLive
 Wed, 12 Aug 2015 08:02:43 GMT
AUDUSD orders 12 AugustForexLiveAll the biggest trading floors in the world have screens locked on ForexLive™. We provide real-time forex news and analysis at the highest level while making it accessible for less-experienced traders.and moreﾠ»
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AUD/USD Daily Outlook - Action Forex
Wed, 12 Aug 2015 06:57:00 GMT
AUD/USD Daily OutlookAction ForexAUD/USD's sharp decline and break of 0.7233 support confirms down trend resumption. Intraday bias is back on the downside for long term retracement level at 0.7182 next. Break will target 61.8% projection of 0.9504 to ...
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PBOC's Decision Vital to Next AUD/USD, USD/JPY Moves - Forex Market (blog)
http://news.google.com Wed, 12 Aug 2015 06:20:11 GMT
PBOC's Decision Vital to Next AUD/USD, USD/JPY MovesForex Market (blog)The People's Bank of China's decision to loosen the USDCNY trading band last night will have far-reaching implications. Look no further than the fact that the PBOC released an exp ...
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Intraday Outlooks For EUR/USD, USD/CNH, EUR/GBP, AUD/USD - SEB - eFXnews
http://news.google.com Wed, 12 Aug 2015 07:22:00 GMT
Investing.comIntraday Outlooks For EUR/USD, USD/CNH, EUR/GBP, AUD/USD - SEBeFXnewsAUD/USD: Poor follow through at a new low. Again the pair was rejected from the 2001 trend line and this time also by creating a bearish key day reversal suggesting tha ...
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AUD/USD Short-Term Elliott Wave Analysis: August 12, 2015 - Investing.com
http://news.google.com Wed, 12 Aug 2015 06:55:26 GMT
Investing.comAUD/USD Short-Term Elliott Wave Analysis: August 12, 2015Investing.comRally to 0.7439 ended wave (X). Wave ((w)) decline from this level and is unfolding in a zigzag structure, where wave (a) ended at 0.73, wave (b) ended at 0.7356, and ...
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AUD/USD Fundamental Analysis – August 13, 2015 – Forecast - FX Empire
http://news.google.com Wed, 12 Aug 2015 04:12:49 GMT
FX EmpireAUD/USD Fundamental Analysis – August 13, 2015 – ForecastFX EmpireThe AUD/USD tumbled 51 points to its lowest level in years as China weighs heavily on the export commodity along with the devaluation of the yuan. This morning Westpac consume ...
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