Comments on: AUD/USD: Look for short-term choppiness .9035/75 https://fxww.com/audusd-look-for-short-term-choppiness-903575/ The Professional Source Mon, 08 Jul 2013 07:23:31 +0000 hourly 1 By: Sean Lee https://fxww.com/audusd-look-for-short-term-choppiness-903575/#comment-24573 Mon, 08 Jul 2013 07:23:31 +0000 http://381c099c8f.nxcli.net/?p=9276#comment-24573 Yes agree Papillon, this is v important level

]]> By: Papillon https://fxww.com/audusd-look-for-short-term-choppiness-903575/#comment-24572 Mon, 08 Jul 2013 07:15:24 +0000 http://381c099c8f.nxcli.net/?p=9276#comment-24572 Good evening Sean,

Nice to see that you have increased your AUD/USD long. For now, I am struggling to have some trade ideas :

EUR/AUD : double top
EUR/GBP : looks bullish (weekly close above 0.8600)
EUR/JPY : bullish trend

The leading indicator could be EUR/USD at 1.2800 ??

]]> By: Sean Lee https://fxww.com/audusd-look-for-short-term-choppiness-903575/#comment-24568 Mon, 08 Jul 2013 04:39:59 +0000 http://381c099c8f.nxcli.net/?p=9276#comment-24568 Thanks Milan, good luck

]]> By: Milan https://fxww.com/audusd-look-for-short-term-choppiness-903575/#comment-24566 Mon, 08 Jul 2013 04:31:32 +0000 http://381c099c8f.nxcli.net/?p=9276#comment-24566 Hi Sean,

How about short EUR/AUD? We could see more funds unwinding their long position in this pair as the EUR looks increasingly unattractive after the last ECB meeting. Given the rapid rally, a drop to 1.32 in the next few weeks wouldn’t be unrealistic. I think one reason why the AUD and NZD will recover is that focus is shifting to the ECB and BoE, as they surprised the market with their dovish comments. While the short $A trade is crowded, market positioning are neutral for both the Euro and the Sterling and will make it easier for participants to initiate large short positions and benefit from the FED taper. – Cheers

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