AUD/USD, AUD/JPY, AUD/NZD: Levels, Ranges

AUD/JPY's  April 6  post  was written to target 84.27 on an entry at low 82.00's. Friday April 13th, six days later, AUD/JPY traded to its top at 84.07. The gain was  + 200  pips in 6 days and slight 20 pip miss on exact target.  The low April 6 was 81.90 and  personal entry was 82.06 but again most important  overall is  diversification of currency pairs to + 100  pips or better trade targets.

Possibly this month, 40 pairs post and  + 4, 000 pips. Possibly  because until calculations are done, its impossible to know where a currency price ends and begins. Alternatively, If dead markets are seen then maybe trade 5 or 6 currency pairs continuously up and down in my Statistical Price Path. Possibly, all Euro, CAD  or all GBP. Either way, my  trades write future headlines.

Possible future educational post must address not understood concepts taken as gospel in currency trading such as Overbought / Oversold, Stops, entries, targets, liquidity, outside events / economics vs currency price. A target must complete its destiny and  everything else related to the price is irrelevant.  Respectfully, 50 and 100 pip trades leaves unearned pips. Automatic computer trades and Algorithms are miles off and wrong. All statistically quantified as I continue years later to factor trades by pencil, paper and simple calculator.

Ongoing trades, EUR/CAD, AUD/NZD, AUD/USD and GBP/CAD. AUD/JPY is  complete.

AUD/USD 4 weeks later represents a miserable dead range currency pair. Friday saw 0.7810 against the overall 0.7834 target from  0.7680's entry. The base seen weeks ago to propel AUD/USD higher no longer exists and today's AUD sits in undecided zones.

AUD closed on its vital higher / lower break point line at 0.7764 to offer undecided context.  Further, AUD/USD is most conflicted against its AUD/NZD and AUD/JPY counterparts. All 3 pairs should be miles higher especially AUD/NZD but AUD/USD and AUD/JPY are in current buy drop mode.

As AUD/JPY is offered, no interest exists because its a quick short term trade only unless lower 82.00's are traded and its highly doubtful.  For interested, reload longs at 83.05 and 82.80  to target 83.60, 83.75 and 83.82. Caution at main break line at 83.82 and only above then will 84.29 be seen. Forget 85.00's as those levels are solidly blocked. AUD/JPY must trade to 83.75 and longs only is the way. Only existent points below are 82.19, 81.94 and 81.51. Should a good spike low be seen on RBA then quickly I will enter long to target 83.75.

AUD/USD is in the same predicament as AUD/JPY. The target remains 0.7836 and 2 pips higher than previous 0.7834. Below 0.7764, game plan is reload longs at minor lines at 0.7731, 0.7729 and 0.7716. The main line is located at 0.7698. Above 0.7764 then on to 0.7836 by breaks at 0.7791. Target at 0.7836 is located just shy of major points at 0.7841 and 0.7864.

Overall AUD/USD plan is take profit at market open for an 80 + pip profit and embark on a 2nd long trade.

Lower AUD/USD and AUD/JPY should now offer the opportunity to finally see AUD/NZD higher. AUD/NZD as mentioned in the March 30 post should trade to 1.0900's and targets at 1.0700's. The 1.0700's now align as many and rough starting at 1.0734, 1.0745 and up to 1.0788. The main break line is located at 1.0698. As AUD/NZD seriously underperformed and AUD pairs currently remain a waste of time, I'm looking to the exit at 1.0665 and walk with a 65 ish pip gain.

Current AUD pairs lack any meaningful trades except short trades and targets are seen weeks later. Overall, no need exists to trade AUD pairs as many other pairs offer far better, more safer and many more pips quickly.

Many more pairs will post.