https://fxww.com/audusd-play-edges-of-1-03701-0475-range/ The Professional Source Thu, 21 Mar 2013 23:59:22 +0000 hourly 1 https://fxww.com/audusd-play-edges-of-1-03701-0475-range/#comment-18379 Thu, 21 Mar 2013 23:59:22 +0000 http://fxww.dreamhosters.com/?p=6532#comment-18379 112 does not look out of question, channel for current move off 102 is steep and if maintains it’s mojo we finally can have long awaited breakout above 106, current environment is quite good for short squeze of such proportions. All it takes a continuing selling of EUR/AUD with strong bid or even rally in EUR/USD. I doubt many people unticipating such move given all global issues, thus short covering could be dramatic. Thus I will pass on silly sell orders and rather wait for stabilization of this up move.

]]> https://fxww.com/audusd-play-edges-of-1-03701-0475-range/#comment-18374 Thu, 21 Mar 2013 23:39:55 +0000 http://fxww.dreamhosters.com/?p=6532#comment-18374 Definitely the EUR/AUD angle is main factor here Kirill. Risk aversion may return at any time so best leave silly sell orders in AUD/USD imho maybe 10550 even?? When all weak shorts get stopped out then can go lower? But also must say, very knowledgeable trader told me about 3 weeks ago to buy at 102 for move to 112 so who knows??

]]> https://fxww.com/audusd-play-edges-of-1-03701-0475-range/#comment-18370 Thu, 21 Mar 2013 23:04:47 +0000 http://fxww.dreamhosters.com/?p=6532#comment-18370 Sean, good call on yesterday triangle breakout. please remind me next time never be short teflon currency))) It seems that AUD is getting safe heaven status, somewhere between USD and JPY judging by today action. What buffles me: aud/cad is usually moves higher during risk on phases. Does it mean we are in risk on month? That would explain stubborn eur/usd and might signal possibility of rally next week pn news of fixed cyprus. I understand that AUD strength is more likely attributed to heavy EUR/AUD selling, but still…

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