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I have changed my view of this pair to long term bullish. With credit crunch definitely behind us (3 mo LIBOR is steadily declining), Aussie unemployment situation far better than that of Europe or U.S., RBA's neutral stance on monetary policy, and money flowing into riskier assets like stocks more willingly, I see AUD being more resilient than say EUR. That's not to say there's no room for more short-term weakness on Chinese and No. Korean shenanigans, weak gold and general summer time investment apathy. Buy under 0.77 for sure though. |
 I buy all I can get. Those levels yesterday where great buying levels, a lot of techies will now be short...  |
well done guys with your shorts! I was and am out waiting for my EURUSD and GBPUSD longs to recover I have called a bounce, and we should eventually see it today and tomorrow that should be a new chance to short closer or above 0,80 if you took your profit and closed the shorts opened at those levels, I think short term you did the right thing  AUD, as well as EUR and GBP should not perform well this summer as I see profit taking in equities and low volumes that could lead markets lower and risk aversion currencies shall be moving towards the same direction for AUDUSD my idea is sell close to 0,80 and buy close to 0,70 we could see new highs after September where new money will be committed to equities and economy might show clearer signs of recovery |
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, btw, this last pull back just form a bear flag, I don't think in long until a close above 0.82 Jhon |
limit 0.7850 taken |
average short position standing @ 0.7815 so far still red |
if 0.7825 hold and fall below ....will add more short |
anybody play fast finger? im on 1 minute chart right now |
price move up 7850 closed |
limit short standing 0.7850, 0.7900, 0.7950, 0.8000, 0.8050, 0.8150 |
0.7850 taken |
 Jhon |
guys I'd suggest you to wait to short 0,79 - 0,80 could be seen tomorrow or monday buy low sell high |
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