AUDUSD HITTING 5 Years low. Is it a good time to go long for the long run??

[leo_usb]

1st post around the forums!

Noticed that it´s hitting a 5 year low and nobody is saying nothing about it, and thought this might a good time to long it.

Comments anyone??

[jawnlooi]

It seems to be carrying quite a bit of downpull, there seem to be people who think it's going back up soon, but personally i feel it has a while more before it really reaches its bottom.

Then again that's just my take, the last time i speculated the USD would stay down, the bailout plan worked too well haha.

If you're in it for the long term (months), you might want to buy now. Otherwise it might be wise to wait for signs of the comdoll bouncing back up

EDIT: you might want to read FreshPips.com , it has a wealth of good information

[ForexNinja]

Check this out:

Has The Aussie Found Bottom? | Forex Blog: Pipscalibur

FreshPips.com / All News / AUD

[manzanofab]

Hi, can anyone explain me why if the US economy is going so bad why the us dollar is winning terrain against all the currency?
is a econmy of a country goes wrong usually the coin of that country goes down right? why this case is an exception??
there where any technical signal for the big 3500 pips down of the pair AUD/USD?

thanks

[anouka]

Originally Posted by ForexNinja

Check this out:

Has The Aussie Found Bottom? | Forex Blog: Pipscalibur

FreshPips.com / All News / AUD

I read this and I see AUD might even go as low as 0.4491 but if it breaks above Fibo’s 138% level it might reach 0.7801. What do you think is gonna happen? I’m kind of worried about it so I’d like to get some advice, I still have some oz dollars that I brought back from home but they devaluating to fast.

[T-rex]

Bearish trend is all I see, I will wait the next week before making any movements there. I tried to analyze the trend but it seems to be too volatile. So I rather waiting than going straight to the bear claws.

[havenoidea]

1st T/P 0.6380 95 % surely, i did double my bet on this one
2nd T/P 0.6450

but good luck anyways, stick with your rules

[mp6140]

Retrace yes, long term long -- no !

[Ron215]

Probably a long term trade is not the best choice, I actually tried myself as a scalper and it worked. I gained some pips with the ausie, just based my support/ restriction points where my stop is safely.

[Dr.Hofmann]

We can see that level 0.6537 failed as support and I see the price right now ranging around 100 pips below. It hasn’t had that much time after the level was broken to either correct the trend nor continue the downfall, however, if we consider what’s on the reading posted by Black Knight, and the Fibo proves once more its accuracy we’ll see it bearish for a while.