Comments on: AUD/USD intraday outlook: Range-trading likely between 1.0370/1.0470 https://fxww.com/audusd-intraday-outlook/ The Professional Source Thu, 20 Sep 2012 23:02:23 +0000 hourly 1 By: admin https://fxww.com/audusd-intraday-outlook/#comment-313 Thu, 20 Sep 2012 23:02:23 +0000 http://fxww.dreamhosters.com/?p=603#comment-313 Hey Zach, Reuters reported yesterday afternoon that they were nearing the disputed area and this caused extra panic. I haven’t heard anything more today. Very heavy 2-way turnover in AUD but with RBA looking more determined to stop the rise, I’m in the sell rally camp overall

]]> By: Zach Nester https://fxww.com/audusd-intraday-outlook/#comment-312 Thu, 20 Sep 2012 22:51:41 +0000 http://fxww.dreamhosters.com/?p=603#comment-312 Hey Sean,

I really appreciate your above analysis and information regarding who was doing the buying in AUD/USD. It seemed that the pair was destined to dip further, but a lot of money came in to buy circa 1.0370.

In AUD/JPY I’m watching the the trend line that was obliterated yesterday, but then taken back in a somewhat surprising fashion. The pair is holding right around the 81.60 support, but I’m watching for the tumble to begin again.

If someone just saw the massive selling in the JPY-crosses last night and you told them that USD/JPY did not fall below 78, I don’t think they would believe you. It makes me think that the japanese postal service pension fund was, almost without a doubt, sitting on the bid down there.

I also wanted to ask you if you had any confirmation on the Chinese bringing warships into the waters near the disputed islands? I haven’t been able to find anything.

Thanks a lot,

Zach

]]>