Time turns trend. - W.D. Gann
-
Will the AUD/USD Bounce Before Heading Lower?
A surprise rate cut caught aussie traders on the wrong side of a 3.00% expectation and while there was a minority of traders that were expecting a cut at this meeting, the majority of aussie traders did not and the currency sold off sharply. The AUD/USD had already been moving lower as traders began to sell the pair in anticipation of eventual rate cuts so now with the acceleration lower, is there more left to the downside in the near-term? Longer-term there can be an argument made for the current price action being just the beginning of a downtrend and certainly that’s not out of the question; however, there are a ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- May 8, 2013 12:48am May 8, 2013 12:48am
- ForExtraPips
- Joined Sep 2011 | Status: Minor crosses. Major pips. | 252 Comments
- Comment #2
- Quote
- May 8, 2013 1:00am May 8, 2013 1:00am
- Deano9999
- Joined Jan 2012 | Status: Member | 609 Comments
- Comment #3
- Quote
- May 8, 2013 1:33am May 8, 2013 1:33am
- dab
- | Joined Jun 2012 | Status: Member | 119 Comments
Hope for the best, prepare for the worst.
- Comment #4
- Quote
- May 8, 2013 2:14am May 8, 2013 2:14am
- Felixng
- | Joined Aug 2012 | Status: Member | 11 Comments
Enter Signature
- Comment #5
- Quote
- May 8, 2013 6:25am May 8, 2013 6:25am
- Erebus
- Joined Jul 2011 | Status: Member | 105 Comments
If you trade like me, you'll be homeless and broke within a week.
Goldilocks All Time Return:
46.8%