Comments on: AUD/USD session outlook: Benefitting from ‘reserve currency’ chatter https://fxww.com/audusd-session-outlook-benefitting-from-reserve-currency-chatter/ The Professional Source Tue, 20 Nov 2012 00:01:48 +0000 hourly 1 By: Kirill https://fxww.com/audusd-session-outlook-benefitting-from-reserve-currency-chatter/#comment-7502 Tue, 20 Nov 2012 00:01:48 +0000 http://fxww.dreamhosters.com/?p=2886#comment-7502 Sean, I am trying to reconcile your 1.05 target with my understanding and can not. I think if we breach 1.047 region in any meaningful way then we will get to 1.06 area, and if not than the local top should be below 1.045-1.047. So my main question at the moment: does current risk rally have legs. Because if it does I should chill till 1.06, if not than shorting here makes all the sense in the world.

]]> By: Sean Lee https://fxww.com/audusd-session-outlook-benefitting-from-reserve-currency-chatter/#comment-7497 Mon, 19 Nov 2012 23:36:21 +0000 http://fxww.dreamhosters.com/?p=2886#comment-7497 Dead right Kirill, it’s less about the content of news and more to do with short term reactions

]]> By: Kirill https://fxww.com/audusd-session-outlook-benefitting-from-reserve-currency-chatter/#comment-7496 Mon, 19 Nov 2012 23:21:39 +0000 http://fxww.dreamhosters.com/?p=2886#comment-7496 I have a feeling that major central banks do not give a damn about IMF definitions of which currency is reserve. At least my cultural background would be mightily surprised if Russian central bank follow any lead from US based/controlled organization.

But that news could still be a good excuse to trigger some stops on the upside.

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