AUD,NZD/FXWW News/Trade Ideas

AUD/USD: Important resistance .9300/50

I’m pretty annoyed with myself for selling 1/2 my long position at .9170 yesterday, probably one of the dumbest trades I’ve made in recent times and believe me it’s got some competition for that title! It looks like .9000/.9350 are the edges of the range for now but I’m maintaining my bullish bias. Much will depend on what happens in the crosses and if EUR/AUD breaks below 1.39, AUD/JPY breaks above 93.00 and/or AUD/NZD breaks above 1.18, then the AUD/USD will get a much stronger bullish bias.

  1. Not to worry Sean. I bought at that level having sold Friday at 0.9150 not liking the look of the pair going into NY. I felt very foolish buying there when you were selling!!

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