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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 12, 2010 0:58
UPCOMING AUSSIE JOBS REPORT (1:30 am GMT)

This may show further FUNDAMENTAL reason for the ensuing technical damage vs. USD and JPY. Just like last Fridays Canada jobs data finally showing an unexpected jobs joss following series of robust employment figures, Australias July jobs figures could show the same kind of reversal after a spectacular +49K rise in employment & a plunge in unemp rate top 5.1%. 75.50 AUDJPY could be on the way today on any disappointment http://chart.ly/7485nm

Ashraf
catnip
Frankfurt, Germany
Posted Anonymously
14 years ago
Aug 11, 2010 19:47
i think usdcad will break 105
ross
Hawaii, United States
Posts: 37
14 years ago
Aug 11, 2010 19:39
Thank you for the reply Ashraf. Since usdcad broke above 1.0440 and you don't see much strength in cad - do you feel that the push up in this pair is over done, or what price or event do you think would cause the pair to reverse? Thanks again for your analysis.
Mentawai
Nice, France
Posts: 25
14 years ago
Aug 11, 2010 18:22
@Said
La classe..
I appreciate
said
mulhouse, France
Posts: 2822
14 years ago
Aug 11, 2010 17:54
BUT U CAN RECOVER UR POSITION
RSI IS AT LOWS BUT ITS JUST AN INDICATOR IE IT CAN BOUNCE AND HAVING PRICE PLUNGING
I WOULD ADOPT A CUT AND WAIT AND SEE
I WOULD SHORT NOW WITH SL at 1.8002
said
mulhouse, France
Posts: 2822
14 years ago
Aug 11, 2010 17:49
MENTAWAI
EURNZD IS POISED FOR A PLUNGE AT MY OPINION
Mentawai
Nice, France
Posts: 25
14 years ago
Aug 11, 2010 17:06
Hi there,
Anyone as an idea on where eur/nzd is going? i'm long with a small loss for the moment!
thanks for your help!
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Aug 11, 2010 13:58
ok, so USDCAD held up well above 1.0270, broke back to 1.0380 abd avove 1,04. conservative target now at 1.0440.

chloe, it doesnt matter if you closed at 1.0390. you should have opptnty for entry at 1.0390s for 1.0440s. Need some help from oil report too.

Ashraf
chloethebull
Canada
Posted Anonymously
14 years ago
Aug 11, 2010 13:54
solid call ashraf i jumped out of my usdcad at 1.0397 not thinkn we would break 1.04 soo soon ahead of inventories..ohh well still holdn onto some oil shorts..gl today:)
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Aug 11, 2010 0:22
ross, id say 1.0270 as support, but to be on safe side, use 1.0260. Yes the FOMC decision was USD negative but i dont see much strength in CAD these days after Frdays CAN job loss.

Ashraf
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