Comments on: AUD/USD outlook: Stuck between big technical levels

By: Sean Lee

Sean Lee — Fri, 20 Sep 2013 04:39:03 +0000

True Expat, these gaps do tend to close, in fact they nearly always do, but I wouldn’t build a strategy based around it happening. I guess the longer we get away from them timewise, the less relevant they become?

By: ExpatWatcher

ExpatWatcher — Fri, 20 Sep 2013 04:33:20 +0000

Sean, in your view will the gaps in the AUD pairs that occurred on the Monday 2nd Sep open start to influence ? Its quite unusual for that many gaps to remain uncovered EURAUD, AUDJPY, GBPAUD, AUDUSD …. so many really … your thoughts?

By: Sean Lee

Sean Lee — Thu, 19 Sep 2013 23:56:13 +0000

Looks like a 50:50 proposition to me T and I don’t like those odds. Personally I’d get out and wait for next trade as your reasons for taking the trade (break above Fibo) haven’t held up. Just my opinion

By: T

Thu, 19 Sep 2013 23:49:48 +0000

I got caught up in a typical position. Break of 95.10 looked convincing and I entered long once it held above for a reasonable time. But then came a few good data from the US and widened that 38.2 boarder. Now I’m thinking if it’s a wise idea to exit this trade and re-enter as it looks like downside is more a possibility in this swing short term. In the medium term I think Aud is caught up in an indecisive phase without a clear direction? Your thoughts?