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This thread was started in response to the Hot-Chart:
Aussie Dressed up but where to Go?
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Rezz
Vancouver, Canada
Posts:
53
15 years ago
Dec 2, 2009 22:41
In my last post, i meant to say 1 AUDUSD contract has MORE $ value than 1 NZDUSD ... not Smaller.
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Rezz
Vancouver, Canada
Posts:
53
15 years ago
Dec 2, 2009 22:39
I agree.. AUD/NZD seems to be peaking..... better to Short AUDUSD, and hedge with Long NZDUSD??, note since value of 1 contract in AUDUSD is smaller than NZDUSD, it is not exactly same as shorting AUDNZD, and probably you get more net gains from movements if AUDUSD is going down.??
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Fx_Sydney
Sydney, Australia
Posts:
1
15 years ago
Dec 2, 2009 22:36
Sitting in Australia , viewing things from a fundamental perspective , not a technical perspective which is what we normally do - i still think it is toppy, and due for a correction. RBA doesnt meet in Jan , so any incremental rate increases will be in Feb and thats a way off ... Merry Xmas too.
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ingmar82
Apeldoorn, Netherlands
Posts:
4
15 years ago
Dec 2, 2009 22:13
Raulin i agree with what you saying i think it will be a good short aud/usd.
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raulin
london, UK
Posts:
65
15 years ago
Dec 2, 2009 21:59
Agreed , however AUD/USD makes better short than NZD/USD precisely because AUD/NZD is at its highs and toppy
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