Comments on: Perfectly set up for risk-off Friday https://fxww.com/perfectly-set-risk-friday/ The Professional Source Thu, 10 Apr 2014 23:00:05 +0000 hourly 1 By: Sean Lee https://fxww.com/perfectly-set-risk-friday/#comment-40055 Thu, 10 Apr 2014 23:00:05 +0000 http://381c099c8f.nxcli.net/?p=12291#comment-40055 That is bearish James, can’t see it myself but that’s what makes a market 🙂

]]> By: James https://fxww.com/perfectly-set-risk-friday/#comment-40053 Thu, 10 Apr 2014 22:58:17 +0000 http://381c099c8f.nxcli.net/?p=12291#comment-40053 The contrarian in me is getting very antsy on the AUD with seemingly widespread bullishness now seeming to be reaching fever pitch. This mood swing in the market’s attitude to the Pacific peso seems difficult to justify on recent revelations concerning our fiscal outlook and the terminal problems besetting China’s house of cards financial system, non performing loans, excess capacity and empty chamber when it come to firing more stimulus at the teetering economy.

Consequently I am thinking we could see waterfall decline emerging in coming weeks to test and break recent lows around USD$0.8700. Stop on the view is at USD$0.9550

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