Anyone, who looks bearish for AUD/USD in the long terms...?
DislikedCould you tell me a chart? How are you thinking bearish, my friend.
DislikedAfter a sharp drop to 0.9700 price immediately bounced up and now meets downward trendline.
Trying to open some short positions here and expecting for price to retrace down to support 0.9970.
Dislikedi think fundemental aspect is more reliable than a 'Chart', currently it is hardly to trade this pair.
Due to the low interest rate in US, such a high interest rate for AU obviously can boost it and hold it in this level. But how about after US increase the rate?
many things need to be concerned, japan's recovery will need AU's help, coz AU is the heaven of raw materials. Additionally, AU is still enjoying chinese growth.
Huge bubble here..Ignored
DislikedThank you, mate. I agree.
But the question "when" is too big to answer. We are now thinking of the bearishness in this pair but do not know when it comes.Ignored
DislikedA/U isn't going to fall just like that again (short-term), like it did last week, unless there's another disaster coming. I'm neutral to bullish for this/next week (yes I was bearish before the big drop, which I did not expect to be that strong, neither the bounce back to be that strong, as if nothing happened!). No trades for me, I don't want to go long after the strong run, I'll probably wait for a nice level to short again (1.02?)Ignored
DislikedIndeed, 1.02 level very important, respected few times. huge amount of orders here. hope for more sellers than buyers. sell limit here.