Comments on: AUD/USD still looking heavy https://fxww.com/audusd-still-looking-heavy/ The Professional Source Sun, 19 Jan 2014 22:00:42 +0000 hourly 1 By: Sean Lee https://fxww.com/audusd-still-looking-heavy/#comment-35458 Sun, 19 Jan 2014 22:00:42 +0000 http://381c099c8f.nxcli.net/?p=11665#comment-35458 Agree 100% Andy but no point in fighting the bears at moment. Wait for that silly exhaustive sell-off and start setting longs again

]]> By: Andy https://fxww.com/audusd-still-looking-heavy/#comment-35454 Sun, 19 Jan 2014 21:22:36 +0000 http://381c099c8f.nxcli.net/?p=11665#comment-35454 That despite the unemployment rate in Australia, even after the very bad report last week, is still lower than most of the world, GDP still slightly higher than many other countries, and the government still has a top credit rating, and the AUD is still dropping like a stone, has essentially made me give up on the whole “rational or efficient market theory” I learned back in university (okay, that’s not the only factor that determines prices, but still).

Yes, things are worse than before for Australia because of the mining slowdown, but its still relatively well compared to elsewhere. Should the AUD have dropped? Yes. But to the extent it is still doing so? Seems like selling AUD has just become a fashionable trend and momentum driven, has nothing to do with the “rational market” which should more logically set things.

]]>