AUD/USD: Sell rallies back towards 1.0225/30
The rate cut has pushed the AUD/USD back below 1.0200 and I’d expect any rallies to be capped by 1.0230. I’m hearing the initial batch of professional bids are at 1.0165/70.
Always pays to bet against the economists!
Your view is great Sean. They do cut. I was reluctant to sell AUD. Waiting for bounces to get an entry.
You nailed it well, Sean. I think time has come for Aussie bears to cheer up 🙂
Yes indeedy, I think the great Aussie bear hibernation is about to end 🙂
aud is not really climbing for us to short at good level.
great call from Sean, again!
Sean what do u think about 1.01 support? 50% retracement, round number and also swing low …. i was pretty confident about long position when it drops do that level 4th March … but i have a feeling that SLs are pilling up below this level which will gravitate price down … conclusion – i am confident about little scalp there for 30-50 pips, but less confident about start of bigger upswing
Yes agree Kos, better to buy first dip for a quick intraday swing but I wouldn’t bet on it holding for too long.
missed the short Sean. looks like it one way from here.
Certainly the AUD looks v heavy on the crosses, especially euraud looking v bid
not a good level for any entry but if you’re already then ride it.
Those bids near 10165 are holding for now so bears might get a chance later near 10230 if intraday short covering sets in
thanks Sean. will keep an eye during NY session.