Audusd

[mikeenday]

what is the news here?
China dropping?

 

[brisvegas]

RBA announced 25bp rate cut



http://www.rba.gov.au/


chinese CPI later in week alomg with australian GDP and unemployment key aud movers

 

[Amber40]

Some economists expect 3.25% by the end of 2012

 

[sanfo]

Australia reported that it lost 40,000 full time jobs in November. This increased the unemployment rate to 5.3%

though the economic is still very strong, AUD is ovevalued, more people will short AUDUSD now.

 

[Amber40]

If AUD/USD can stay above 1.0130/50, it is possible to see 1.0335 and maybe 1.0480 next...
but
If it goes below 1.0130/50 then 1.0020 is next...

 

[Amber40]

hmm I was wrong 8 pips, it was down to 1.0028

 

[Amber40]

not surprisingly yesterday AUD pulled back to 1.0160 and turned to south again. sell on rallies to go to 0.9820/0.9780 target area...

 

[Roark]

I unloaded all my AUD. Thinking about getting long AUD relative to JPY, what do you think about the trade? JPY is looking weaker against USD, but stronger relative to AUD.

 

[Amber40]

still bearish on this pair. expected trading range is 1.0150 and 0.9700

 

[Amber40]

AUD is bullish but hit 1.0380 wall again yesterday... so if AUDUSD can break 1.0380 then 1.0480 next, however a close below 1.0260 indicates it will get back to 1.0170