Comments on: AUD/USD: Break below 1.0140 is significant; .9600 here we come!

By: Sean Lee

Sean Lee — Mon, 04 Mar 2013 07:35:59 +0000

Morning Papillon. All big guns are buying USD so no point in fighting the trend, just hop on somewhere for the ride I think. Like you say, stick to cable, Swissy and Aussie. As always wait and see and when opportunity presents itself, jump on and commit

By: Papillon

Papillon — Mon, 04 Mar 2013 07:28:39 +0000

Good evening Sean,

This morning for the next days, it seems logical to play :

– On USD/CHF : buy dips near 0.9370/0.9340 SL under 0.9300
– On GBP/USD : sell rallies at 1.5220
– On AUD/USD : sell rallies at 1.0240
– On USD/JPY and EUR/JPY, no really ideas ??

Nice to being patient on EUR/AUD for my short idea 😉 with the break on AUD/USD.

By: ExpatWatcher

ExpatWatcher — Mon, 04 Mar 2013 06:04:48 +0000

Thats possible, however look back at the same policy decision point on Feb 5. No cut then and the AUD fell hard – it rose 10 pips on the announcement and tanked 60 in the next 30 minutes and on the charts has cascaded lower ever since. The key for me is how is the market positioned …. no material bounces means it has to be long. For a market hoping for a bounce this is a really bad combination. After RBA – don’t blink becasue GDP is next day …. a very interesting week

By: zenfxtrader

zenfxtrader — Mon, 04 Mar 2013 05:41:52 +0000

The situation is ripe for a vicious reversal back to near 1.03 if the RBA doesn’t cut rates tomorrow.

By: Sean Lee

Sean Lee — Mon, 04 Mar 2013 05:14:17 +0000

That sounds very logical Yass; 1.0100/70 intraday range perhaps and then sell rallies to 10250 when RBA stay put tomorrow

By: Yass

Yass — Mon, 04 Mar 2013 04:58:22 +0000

we may rally back to 1.0250 tomorrow if RBA dont cut rates , otherwise for intraday today you think 1.0160-80 is a short or not . Thanks