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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 3119

Forum Topic:

Commodity FX (CAD AUD NZD NOK)

Discuss Commodity FX (CAD AUD NZD NOK)

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Ashraf Laidi

London, UK

Posts: 0

14 years ago

Aug 13, 2010 14:36

well done to those insisting on selling $AUDCAD. $NZDCAD testing 0.7348 low before 0.7270s

Ashraf

Ashraf Laidi

London, UK

Posts: 0

14 years ago

Aug 13, 2010 14:18

orange, yes indeed, this finally broke below 1.43 support, so i better not get into it. Although i dont lole Aussie, i think EUR issues will come chase us here.

Ashraf

orange_trad

New York, New York, United States

Posts: 20

14 years ago

Aug 13, 2010 9:00

Ashraf, are you still bullish on EUR/AUD - I know you prefer GBP/AUD now, but EUR/AUD broke below the 1.43 support and GBP/AUD just came back from the abiss.

Godly

Mumbai, India

Posts: 4

14 years ago

Aug 12, 2010 15:51

Ashraf
Do not disagree on GBP/AUD. Am just extremely skeptical of UK recovery. Infact next will be UK with their QE2 and Pound on its ultimate fall again.

Hence I prefer EUR/AUD on a fundamental and tech level given that it has broken away from the 12 months down trend and now holding on to uptrend.

Am also keenly watching AUD/YEN. Given the consistent favorable data out of Japan, chances of a major equity selloff in second half and diving yields in the US are all acting drivers for YEN breakout to 80 or even 78 to the US dollar. I prefer long YEN to AUD than GBP/AUD.

Let me know ur thought on YEN.

FXT

london, UK

Posts: 13

14 years ago

Aug 12, 2010 15:32

Ashraf

Any Ideas whats going on with USDCAD , seems to be the only pair which is not breaking out?

Thanks

Ashraf Laidi

London, UK

Posts: 0

14 years ago

Aug 12, 2010 14:08

Godly. Interestingly EURAUD rally as interrupted as Europe began selling Euro across the board. looks like will hold at 1.43 again, especialy with a little help from AUD selling. i prefer long GBPAUD (hotChart), which is inline w/ my bearish bias on EURGBP

Ashraf

Godly

Mumbai, India

Posts: 4

14 years ago

Aug 12, 2010 12:35

Ashraf
given eur/aud trading 1.433 after the dramatic rise in unemployment rate in Australia....do u see this pair continuing the climb to 1.48?

It has broken a long term downtrend line and now is sitting very close to the uptrend line at 1.4300......

ross

Hawaii, United States

Posts: 37

14 years ago

Aug 12, 2010 2:27

Thanks catnip!

Ashraf Laidi

London, UK

Posts: 0

14 years ago

Aug 12, 2010 1:18

90.50 & 78 are relevant ceilings for AUDUSD AUDJPY.

Ashraf