Comments on: AUD/USD: Still long but case looking weaker for bulls https://fxww.com/audusd-still-long-but-case-looking-weaker-for-bulls/ The Professional Source Mon, 15 Jul 2013 03:37:46 +0000 hourly 1 By: Jack https://fxww.com/audusd-still-long-but-case-looking-weaker-for-bulls/#comment-24813 Mon, 15 Jul 2013 03:37:46 +0000 http://381c099c8f.nxcli.net/?p=9459#comment-24813 Yes agree Sean. Thanks. Like u said picking the right entry levels is the crux. Just wondering how low will aud go b4 we can safely say the bottom is in place. Any reasonable level in your expert view you think that a bottom can be found? It wil be more than 2000pips down if 0.85 is really reached!

]]> By: Sean Lee https://fxww.com/audusd-still-long-but-case-looking-weaker-for-bulls/#comment-24812 Mon, 15 Jul 2013 03:25:42 +0000 http://381c099c8f.nxcli.net/?p=9459#comment-24812 I’m hanging in with longs for now Jack, as we know it always looks worst at the lows. BUT the EUR/AUD break above 144 is certainly a worry. I think levels near 90 will prove to be very cheap later this year but that doesn’t mean that we don’t see 8850 or somethg like that. We need to be patient and pick our levels carefully, and be prepared to book profits on rallies, but eventually we will be proved right IMHO

]]> By: Jack https://fxww.com/audusd-still-long-but-case-looking-weaker-for-bulls/#comment-24811 Mon, 15 Jul 2013 03:02:25 +0000 http://381c099c8f.nxcli.net/?p=9459#comment-24811 Hi Sean, though it looks kind of bleak now, what do you think of the prospects of aud rebounding to 0.965 levels from here? Almost all current strategists and analysts are forecasting it to go to 0.85 and even 0.8. But I’m really sceptical of all these analysts and strategists forecasts and my view is when you see all these hot air predicting 1 way, usually it will go the other way. But the big macros and specs are all shorting aud even from current levels and expect them to continue on bounces so it looks like aud is really capped from here. But still think big squeeze up will happen. What is your view? Thanks.

]]> By: Sean Lee https://fxww.com/audusd-still-long-but-case-looking-weaker-for-bulls/#comment-24810 Mon, 15 Jul 2013 01:47:27 +0000 http://381c099c8f.nxcli.net/?p=9459#comment-24810 Tend to agree with that analysis Lam-Son, selling AUD/NZD rallies to 11750 looks like a reasonable play

]]> By: Lam-Son https://fxww.com/audusd-still-long-but-case-looking-weaker-for-bulls/#comment-24809 Mon, 15 Jul 2013 01:37:25 +0000 http://381c099c8f.nxcli.net/?p=9459#comment-24809 Hi Sean,

Weekly chart of AUDUSD shows a doji candlestick for a first time since it dropped from 1.05. Weekly chart of NZDUSD however makes bullish engulfing pattern. For me they would suggest that AUDUSD could be struggling around the 0.9 level for 1-2 weeks while kiwi is getting bullish. But China data might completely change the stories 🙂

]]>