Comments on: AUD/USD: Time to start booking some profits https://fxww.com/audusd-time-start-booking-profits/ The Professional Source Fri, 28 Mar 2014 02:52:18 +0000 hourly 1 By: Nooz https://fxww.com/audusd-time-start-booking-profits/#comment-39296 Fri, 28 Mar 2014 02:52:18 +0000 http://381c099c8f.nxcli.net/?p=12164#comment-39296 Thanks for the comments Sean, much appreciated. 🙂

]]> By: Sean Lee https://fxww.com/audusd-time-start-booking-profits/#comment-39295 Fri, 28 Mar 2014 02:45:28 +0000 http://381c099c8f.nxcli.net/?p=12164#comment-39295 Love those cable levels Nooz, trading becomes a lot easier if we can in/out at right levels.
Agree in principle that we get a period of USD strength. USD/CAD looks like 109/112 at outside so matter of being patient. Not sure on NZD, I’ve been bitten way too many times 🙁

]]> By: Nooz https://fxww.com/audusd-time-start-booking-profits/#comment-39294 Fri, 28 Mar 2014 02:38:22 +0000 http://381c099c8f.nxcli.net/?p=12164#comment-39294 Heya Sean, nice job on your A/U position. What do you think of long USD positions over the next week? With the AUD/USD and NZD/USD beginning to look toppish in the near term, the GBP/USD sitting close to the top of its recent range, and the clean out of longs in the EUR/USD and USD/CAD, I feel the USD will have trouble weakening further from current prices.

I’ve been short GBP/USD @1.6640 since last week. I took partial profit around1.6475 early this week. The other half of the position is still open, but I’m fine with holding it as long a strong break above 1.6650-60 does not happen.

With the CAD being at the mercy of the dollar this week, providing a nice clean out of short CAD positions, a USD/CAD long is starting to look enticing. Right now I’m thinking a long between1.1-1.095 on a couple more pushes of dollar weakness will provide a decent risk/reward play.

A short term NZD/USD short is also beginning to look tempting.

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