I rather scalp on up trend.....
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- #40,090
- Feb 7, 2012 5:38pm Feb 7, 2012 5:38pm
- Joined Aug 2008 | Status: Trader | 3,386 Posts
AUD/USD @ 1.0800
Its priceless this morning listening to the bitching about the RBA's decision.
Even worse is the local banks complaining about funding and may have to raise mortgage rates.
Interesting that people who arent spending ala retail sales lower are paying down debt or saving, so where is that cash going ?
To cap it all off the worlds greatest treasurer Wayne Swan voted by the europeans
says the banks should pass on rate cuts.
Now this guy doesnt see a funding crisis or he is plan stupid.
(Im thinking both)
As for today I see no reason to sell it despite real money sellers lurking.
You shouldnt be worried about so called real money players. They have taken a bath like no other lately.
1.0775 support 1.0830-50 resistance then a crack at 1.10
EUR/AUD and GBP/AUD both have been whippy but the trend is still lower.
However these bounces concern so perhaps reduce the position size or stand aside.
Good luck today
Its priceless this morning listening to the bitching about the RBA's decision.
Even worse is the local banks complaining about funding and may have to raise mortgage rates.
Interesting that people who arent spending ala retail sales lower are paying down debt or saving, so where is that cash going ?
To cap it all off the worlds greatest treasurer Wayne Swan voted by the europeans
says the banks should pass on rate cuts.Now this guy doesnt see a funding crisis or he is plan stupid.
(Im thinking both)
As for today I see no reason to sell it despite real money sellers lurking.
You shouldnt be worried about so called real money players. They have taken a bath like no other lately.
1.0775 support 1.0830-50 resistance then a crack at 1.10
EUR/AUD and GBP/AUD both have been whippy but the trend is still lower.
However these bounces concern so perhaps reduce the position size or stand aside.
Good luck today
