Forex Factory (http://www.forexfactory.com/forum.php)
-   Interactive Trading (http://www.forexfactory.com/forumdisplay.php?f=137)
-   -   AUD/USD (http://www.forexfactory.com/showthread.php?t=95260)

Subdude Jul 9, 2009 1:08am | Post# 1606

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.

Xaron Jul 9, 2009 2:18am | Post# 1607

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 completely agree. I buy all I can get. Those levels yesterday where great buying levels, a lot of techies will now be short...

fammira Jul 9, 2009 5:34am | Post# 1608

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

ben10 Jul 9, 2009 9:55am | Post# 1609

I completely agree. I buy all I can get. Those levels yesterday where great buying levels, a lot of techies will now be short...
yep im one and i add more short 0.7833

Xaron Jul 9, 2009 9:57am | Post# 1610

yep im one and i add more short 0.7833
Good luck, but IMHO this down move was completely overdone - totally out of whack. I enter more longs if it goes down. Target still 8000-8500.

JhonMonsalve Jul 9, 2009 10:34am | Post# 1611

yep im one and i add more short 0.7833
Congrats ben! I see a Bearish engulfing forming on 4h TF , btw, this last pull back just form a bear flag, I don't think in long until a close above 0.82

Jhon

ben10 Jul 9, 2009 12:09pm | Post# 1612

limit 0.7850 taken

ben10 Jul 9, 2009 12:11pm | Post# 1613

average short position standing @ 0.7815 so far still red

ben10 Jul 9, 2009 12:12pm | Post# 1614

if 0.7825 hold and fall below ....will add more short

ben10 Jul 9, 2009 12:15pm | Post# 1615

anybody play fast finger? im on 1 minute chart right now

ben10 Jul 9, 2009 12:16pm | Post# 1616

price move up 7850 closed

ben10 Jul 9, 2009 12:18pm | Post# 1617

limit short standing 0.7850, 0.7900, 0.7950, 0.8000, 0.8050, 0.8150

ben10 Jul 9, 2009 12:23pm | Post# 1618

0.7850 taken

JhonMonsalve Jul 9, 2009 12:30pm | Post# 1619

0.7850 taken
Hi ben! What do you think now? the $ index is falling

Jhon

fammira Jul 9, 2009 12:44pm | Post# 1620

guys I'd suggest you to wait to short

0,79 - 0,80 could be seen tomorrow or monday

buy low sell high


© Forex Factory