Comments on: AUD sliding lower as risk sentiment sours

By: Kirill

Kirill — Wed, 21 Nov 2012 06:41:17 +0000

Sean. The key in your comment if EUR starts tanking. That implies that EUR is a better short )))). I have reduced AUD/USD short to 2 lots. If it will start to behave I will add on the next rally and go back to 5 lots. Thanksgiving or not, I still like it on the short side. Have a good one. Will see what tomorrow brings us.

By: Sean Lee

Sean Lee — Wed, 21 Nov 2012 06:30:58 +0000

Hi Kirill, certainly possible if the EUR starts tanking which is possible. But we get so many false alarms I think its best not to chase any of these mkts higher or lower

By: Kirill

Kirill — Wed, 21 Nov 2012 06:27:20 +0000

Sean, I had a weak moment and started to think about abandoning teflonium (AUD/USD) in favor of other risk pairs on the short side. But it is starting to look constructive again. I wonder is it feasible for it to break friday’s lows and go sub 1.03? Or this is just a wishful thinking on my side?

By: Jason Jin

Jason Jin — Wed, 21 Nov 2012 06:07:26 +0000

It did again today magically 🙂

By: Sean Lee

Sean Lee — Wed, 21 Nov 2012 06:00:49 +0000

Ok sorry about that inaccuracy, thanks Jason

By: Jason Jin

Jason Jin — Wed, 21 Nov 2012 05:54:08 +0000

Sean, actually it has gone below 2000 a couple of times in the past few months. It is bounce off very quickly every time it went below. 2000 is a key key level for this index. It could go to 1800 once breaks.