Comments on: AUD/USD: Still looks reasonably constructive but….

By: Sean Lee

Sean Lee — Fri, 12 Jul 2013 02:23:44 +0000

Yes Lamson lots of people hurt by same move

By: Lam-Son

Lam-Son — Fri, 12 Jul 2013 01:01:10 +0000

I am crushed by the EURNZD and EURAUD too. Common sense does not always work. The rally from 1390 to 1430 is very steep. Looking for dips to stop my loss.

By: Sean Lee

Sean Lee — Fri, 12 Jul 2013 00:02:25 +0000

Was worth a try James, and as you say at least you covered 1/2.

By: James

James — Thu, 11 Jul 2013 23:42:15 +0000

I stopped myself out of my short EURAUD above 1.4250 and console myself that at least I covered half at 1.39

I was looking for a H&S pattern which has failed imo.

By: Sean Lee

Sean Lee — Thu, 11 Jul 2013 22:09:06 +0000

Morning Kailash, very interesting levels for the AUD with major support against USD, JPY and EUR not far away. Another weekly close below 144 will strengthen the top-pickers case in EUR/AUD. Can’t say that I really understand why AUD has weakened on crosses post Fed? I’d say stick with shorts for now but start getting worried above 14325ish

By: Kailash

Kailash — Thu, 11 Jul 2013 22:04:28 +0000

Hi Sean,
I was short EURAUD from 1.43 played it till 1.39 ..
And loaded back again @avg 1.4120 – but this time i’m not really confident –any thoughts of hw its looking on charts