Comments on: AUD/NZD: Trading back towards support zones; buying dips preferred

By: Sean Lee

Sean Lee — Fri, 02 May 2014 06:53:31 +0000

Hi Frederic, I’m actually quite bearish on this cross simply from positioning pt of view. I think USD/CAD will break lower in coming weeks back towards 106 and should now stay below 11050. But NZD/USD has some downside potential imho and should trade 84/87 broadly. So lots of downside potential in the cross as I see it

By: frederic119

frederic119 — Fri, 02 May 2014 02:27:17 +0000

Hi Sean, I hope you are well these days. May I know your opinion on Usdcad and Nzdusd? cuz I just had a quick look on nzdcad and it seems the pair is due for a correction in the short term. I need to know your opinion on their heat against USD to identify the relative strength
Cheers

By: Sean Lee

Sean Lee — Fri, 02 May 2014 02:02:22 +0000

Agree Sin, very surprising indeed. Long term we will see much higher levels in Gold and Silver but I’m really not sure what could happen in the short/medium term. It’s hard enough to try and get some of the ccys right 🙂

By: Sin

Sin — Fri, 02 May 2014 01:54:43 +0000

I’m also contemplating to buy this dip, Sean. BTW, do you have any views on Gold? I’m quite baffled that with all these rising tensions on Ukrainian borders we haven’t seen a surge to safe heaven such as gold?