I'm still holding long A/U and short U/cad , as I said before I see- A/U at .9150 and U/cad at 1.031-32
DislikedAlright bugger it. I will make an AUD call and nobody can stop me:
Until the next major credit crisis occurs in the US (Corporate Bonds blowup or State/Muni Bonds blowup would be my two top picks) the price of AUD will remain coupled to gold and equities prices.
So until gold is convincingly breaking 1120, don't bother shorting unless you expect to wake up to the next Lehman tomorrow (and hey, I wouldn't fault you).
EDIT: Shah, beat me to it while I was typing.Ignored
Dislikedmy thoughts are, china is investing huge amounts of money, australia are selling commodities to china. If the rest of the world is still struggling people wont be buying what china has made, possibly causing them problems and taking australia with themIgnored
Dislikedpay attention to macd in d1 timeframe. what does it tell u?Ignored