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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 3119
Posted: Feb 22, 2010 5:00
Comments: 3119
Forum Topic:
Commodity FX (CAD AUD NZD NOK)
Discuss Commodity FX (CAD AUD NZD NOK)
RBA was in a sheer panic when USDCAD popped over 1.030, as they know any strength against another commodity-backed currency would upset their Mardi Gras AUD party.
PPT and RBA have shot their loads. Nothing left to dupe the public into buying overpriced and overstuffed and overvalued U.S. equites and AUD.
My EW Counts Show AUD as Done..(final move taking place right now)
1) EUR/AUD showing ending diagnol on last wave down.
2) You have made your case on AUD/NZD
3) Gbp/Aud finishing final move down.
4) Gold done on the upside.(1126 Strong Resistance)
5) Equities making final Push. (Should not Cross 1150)
6) Aud/Usd Last Move (Stopping Range .9150-.9230)
You Analysis would be much Appreciated.
Xaron, so what was the contra-currency in those transactions? Yes! AUD.
Explain the USDCAD pair? Loonie is a high yielder? Yeah, so is GBP.