Comments on: AUD edging higher as PBOC eases credit squeeze https://fxww.com/aud-edging-higher-as-pboc-eases-credit-squeeze/ The Professional Source Wed, 26 Jun 2013 06:02:33 +0000 hourly 1 By: Sean Lee https://fxww.com/aud-edging-higher-as-pboc-eases-credit-squeeze/#comment-23961 Wed, 26 Jun 2013 06:02:33 +0000 http://381c099c8f.nxcli.net/?p=8919#comment-23961 No way Pete, I’m too stubborn 🙂

]]> By: Pete https://fxww.com/aud-edging-higher-as-pboc-eases-credit-squeeze/#comment-23953 Wed, 26 Jun 2013 05:40:03 +0000 http://381c099c8f.nxcli.net/?p=8919#comment-23953 Oh I see. Thanks for your clarification, Sean. For a moment I thought Oz has lost a strong credible bull in you which will be disastrous! 🙂

]]> By: Sean Lee https://fxww.com/aud-edging-higher-as-pboc-eases-credit-squeeze/#comment-23942 Wed, 26 Jun 2013 04:33:46 +0000 http://381c099c8f.nxcli.net/?p=8919#comment-23942 Marc, the downtrend is strong so selling at technical resistance is a viable strategy. Previous lows now become resistance so 9325 is a viable entry for bears, keeping stops tighht-ish, say 35/40 pips maybe?
But I don’t advocate this strategy, I think we go back to 96/97 overall in coming weeks. But I’ve been wrong before 🙂

]]> By: Sean Lee https://fxww.com/aud-edging-higher-as-pboc-eases-credit-squeeze/#comment-23940 Wed, 26 Jun 2013 04:31:38 +0000 http://381c099c8f.nxcli.net/?p=8919#comment-23940 Apologies, let me re-phrase. I am long and have been since last week. I will reduce my long position at .9315 by around 25% just in case it cannot break higher. That will allow me scope to re-buy at 9200 just in case we get a period of range trading

]]> By: Marc https://fxww.com/aud-edging-higher-as-pboc-eases-credit-squeeze/#comment-23938 Wed, 26 Jun 2013 04:17:40 +0000 http://381c099c8f.nxcli.net/?p=8919#comment-23938 Hi Sean,

I’m a complete green-horn to FX trading but have been following your blog for a few weeks. I just wanted to know what you meant in your last paragraph. Does that mean your going short if the AUD/USD pair hit 0.9315. If so where do have your stop at?

Cheers.

]]> By: Pete https://fxww.com/aud-edging-higher-as-pboc-eases-credit-squeeze/#comment-23934 Wed, 26 Jun 2013 02:55:36 +0000 http://381c099c8f.nxcli.net/?p=8919#comment-23934 Hi Sean, this is confusing. Thought u have been bravely bullish on Oz all this while but now you have turned short instead? What about the minimum rebound to 0.9665 that was purported? Time to abandon this pair for you? Thanks.

]]> By: Kirill https://fxww.com/aud-edging-higher-as-pboc-eases-credit-squeeze/#comment-23932 Wed, 26 Jun 2013 02:20:29 +0000 http://381c099c8f.nxcli.net/?p=8919#comment-23932 Aud/nzd got close enough for me to 1.2 I am out. Will wait for next opportunity. I am now fancying chf crosses, started to build long eur/chf. Will see how that one would work. Cheets

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