Comments on: AUD/USD: Targeting 1.0575 trend channel highs https://fxww.com/audusd-targeting-1-0575-trend-channel-highs/ The Professional Source Tue, 09 Apr 2013 22:53:08 +0000 hourly 1 By: JK https://fxww.com/audusd-targeting-1-0575-trend-channel-highs/#comment-19562 Tue, 09 Apr 2013 22:53:08 +0000 http://fxww.dreamhosters.com/?p=6943#comment-19562 That said, I don’t know why would the SNB participate in a AUD/NZD downtrend. 😀

]]> By: JK https://fxww.com/audusd-targeting-1-0575-trend-channel-highs/#comment-19561 Tue, 09 Apr 2013 22:47:45 +0000 http://fxww.dreamhosters.com/?p=6943#comment-19561 I was watching EUR/AUD last summer. I thought that market was moving in a brutally robotic way. Whoever was behind the move, the SNB or its frontrunners or both. As we know it made AUD really exuberant too.

I read the SNB intervened for $9 bn last month (BTW if that equals money creation, it’s pretty big for a month relative to their GDP) so I could imagine they’re moving their money around in the market again.

]]> By: JK https://fxww.com/audusd-targeting-1-0575-trend-channel-highs/#comment-19557 Tue, 09 Apr 2013 22:23:15 +0000 http://fxww.dreamhosters.com/?p=6943#comment-19557 NZD/USD is kind of amazing. Even every 5 pip dip is getting bought up quickly, doesn’t matter whether it’s at 85 or 83.7. If it manages to look like it’s rolling over, a big straight line buying arrives. I’m a noob and don’t really know what makes up the market microstructure, I imagine it has buy programs all over it. Can’t believe humans are doing it at this level. BTW I think it was behaving similarly already before the BoJ and oftentimes, a falling USD/JPY actually sent it higher.

]]> By: Sean Lee https://fxww.com/audusd-targeting-1-0575-trend-channel-highs/#comment-19552 Tue, 09 Apr 2013 21:17:45 +0000 http://fxww.dreamhosters.com/?p=6943#comment-19552 Thanks very much Edward.

]]> By: Edward https://fxww.com/audusd-targeting-1-0575-trend-channel-highs/#comment-19549 Tue, 09 Apr 2013 20:50:47 +0000 http://fxww.dreamhosters.com/?p=6943#comment-19549 Hi Sean, greetings. By looking at the NZD/USD on a daily chart, it has formed a double top and the RSI is also on the 95. I believe it’s something to take notice of Sir….

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