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  • AUDUSD declines 4.6% to 0.5510, weakest since 2002 -BBG

Added at 10:14pm

  • AUD/USD drops nearly 300 pips in Asia to hit the lowest since 2002

    From fxstreet.com

    AUD/USD tanks 300 pips on haven demand for the US dollar. Dovish RBA expectations keep the AUD bulls at the bay. AUD/USD fell to 0.5506 a few minutes before press time. That was the lowest level since 2002. Australia's currency ran into offers at highs near 0.58 in early Asia and continued to drop even after the official data released at 00:30 GMT showed a surprise drop in the unemployment rate in February. The 300-pip sell-off seen in Asia could be associated with the broad-based haven demand for the US dollar and the dovish RBA expectations. The American dollar has become a preferred safe haven, as indicated by the ... (full story)

my AUD ALMOST lose 20% 1 YEAR SAD
A little late to tell traders to short the Aussie now, isn't it?
Was expecting to make 50 pips, made 180!
i was able to get 203 pips!
Quoting Micc23
A little late to tell traders to short the Aussie now, isn't it?
AUDUSD has been in the downtrend for so many months
The flight to safe havens has accelerated the downtrend.
i got smached
keep buying.. lolll
I got this short and I still need it to go a bit more from 0.57 to 0.53 please and thank you.
The markets are like water it ebbs and flows.
  •  Guest
  • | IP XXX.XX.217.58
I've been riding the wave from about 6 this morning. Got over 600+ pips
Quoting Guest
I've been riding the wave from about 6 this morning. Got over 600+ pips
Yeah USD is king I'm taking up positions to bolster my position and give me more strength in this. Got to ride this volatility and get these profits while we can.
The markets are like water it ebbs and flows.
I have no respect for the greedy <fill in the blank> that enrich themselves at the cost of destrying the livelyhood of millions of others.

I refuse to participate in trading the AUD to a lower level in this disorderly market. I happily trade in an orderly market but not this.

Mass hysteria is not helping anyone and the hurt to Australia's economy is immeasurable. Just like in the stock market there should be a trading halt in Forex if fluctuations exceed a certain amount. To see the AUD decline over 160 odd pips today in a 15 minute period is not normal.
With due respect to all (who might have a different viewpoint).
Quoting mjl
I have no respect for the greedy <fill in the blank> that enrich themselves at the cost of destrying the livelyhood of millions of others. I refuse to participate in trading the AUD to a lower level in this disorderly market. I happily trade in an orderly market but not this. Mass hysteria is not helping anyone and the hurt to Australia's economy is immeasurable. Just like in the stock market there should be a trading halt in Forex if fluctuations exceed a certain amount. To see the AUD decline over 160 odd pips today in a 15 minute period...
i agree with you...its not normal in fact this is chaos on steroids, but as traders we need to go with price tendency as far as it'll go, its what we do, regardless of our own beliefs, price fluctuates up and down, we make or lose money in those fluctuations and i rather be in the right direction.
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  •  Guest
  • | IP X.XXX.216.26
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  • Story Stats
  • Posted: Mar 18, 2020 10:07pm
  • Submitted by:
     Newsstand
    Category: High Impact Breaking News
    Comments: 13  /  Views: 5,197