AUD/USD likely to re-test .9000
Mr Stevens did what all good central bankers do and talked his currency lower. Stops were triggered below .9125, mine included, and the bears are back in control. Next stop 90 cents again. Silly dips are still buying opportunities.
Still long from a technical point of view,a weekly close below 90cents shall send me packing.We wait and see.;….
EURAUD has broken all patterns we are thinking of (or dreaming of). I got out and will re-think about it.
Hi Sean, will you try another long at 0.9000? I thought it looks a great RR in putting in a long at 0.9000 with tight stop at 0.898. What do you think? Thanks.
Probably will Pete, need to wait and see what happens if/when we get there. If it falls sharply then will certainly stick a silly bid in
No reason to buy AUD …. none at all. All crosses plumbing lows.
Fair point Expat, would only be for quick daytrade. EUR/AUD on rampage, so best stay out of way
Thanks Sean. Will see what happens from here.
I’ve been on the right and wrong side of eur.aud, and when that thing moves – it goes and goes and goes and goes…lol..probably see 1.5 before long
Citibank is the only bank whose FX views get in my mind seriously. They are bearish on EURAUD, EURNZD, EURCAD. Perhaps they are wrong this time. Perhaps patience is needed.