Comments on: AUD/USD: Should trade towards 0.9700 over next 5-7 weeks https://fxww.com/audusd-should-trade-towards-0-9700-over-next-5-7-weeks/ The Professional Source Wed, 03 Oct 2012 06:40:40 +0000 hourly 1 By: admin https://fxww.com/audusd-should-trade-towards-0-9700-over-next-5-7-weeks/#comment-816 Wed, 03 Oct 2012 06:40:40 +0000 http://fxww.dreamhosters.com/?p=1010#comment-816 Yur right Nachiket, EUR/USD cud also easily fall in risk-off environment esp with Moody’s looming over Spain and no bailout request due. But mkt is already short and if we get big AUDS unwind due to China slowdown then my view is that EUR/USD stays range bound before higher. So buy-big-dips still my play there

]]> By: Nachiket https://fxww.com/audusd-should-trade-towards-0-9700-over-next-5-7-weeks/#comment-813 Wed, 03 Oct 2012 06:32:26 +0000 http://fxww.dreamhosters.com/?p=1010#comment-813 Once again sir you are rite. I think indeed 1.02000 will go and so will 1.0160. but i can’t see why the euro has to rally either

]]> By: Nachiket https://fxww.com/audusd-should-trade-towards-0-9700-over-next-5-7-weeks/#comment-803 Wed, 03 Oct 2012 04:36:24 +0000 http://fxww.dreamhosters.com/?p=1010#comment-803 Sean,

I just checked in 16 days, 400 pips have gone. Now you are calling for another 500 pips in 40 days or so. so in 2 months aussie will give 900 pips.

]]> By: Sean Lee https://fxww.com/audusd-should-trade-towards-0-9700-over-next-5-7-weeks/#comment-802 Wed, 03 Oct 2012 04:22:18 +0000 http://fxww.dreamhosters.com/?p=1010#comment-802 Don’t worry Nachiket, I’m quite sure it won’t fall in a straight line and it has already fallen quite a bit. The overall tone of RBA statement has me a bit worried abt China and risk trades in general and I don’t think any of big hedge funds have this risk-off trade on, hence I think EUR/AUD much higher, AUD/USD lower. AUD not bouncing at all so bears in control for now. I’d rather see some evidence of bottom be4 trying long side

]]> By: Nachiket https://fxww.com/audusd-should-trade-towards-0-9700-over-next-5-7-weeks/#comment-801 Wed, 03 Oct 2012 04:18:48 +0000 http://fxww.dreamhosters.com/?p=1010#comment-801 my god. then probably i rushed in taking long. but surely china is not allowing to do that. your price target does not take into consideration any stimulus from china

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