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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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jacek
Melbourne, Australia
Posts: 2579
13 years ago
Jun 3, 2011 0:45
50p target in aussie short hit.. 1.062 support looks strong.. might go higher if it breaks 1.07..
jacek
Melbourne, Australia
Posts: 2579
13 years ago
Jun 2, 2011 12:13
good call James.. same view on aussie short 1.067 with 1.07 stop..
sydneyjames
Sydney, Australia
Posts: 348
13 years ago
Jun 2, 2011 10:12
short aussie at 1.0740, tp hit at 1.0600. thinking to reshort when it approaches around 1.0680 -1.0700
Lone Ranger
Vieux Fort, St Lucia
Posts: 94
13 years ago
Jun 1, 2011 2:01
good break in long loonie (pairs).. and AUDNZD short hit the traget extension 2930.. time for reaction reverse of that?..
Lone Ranger
Vieux Fort, St Lucia
Posts: 94
13 years ago
May 29, 2011 22:21
loonie still stuck in that narrow range early in asia.. so it might safer to play it long against aussie or kiwi as they might retest their range break-outs..
Rezz
Vancouver, Canada
Posts: 53
13 years ago
May 27, 2011 19:52
Tuesday trading will be last day of May. Looking for USD bulls to come out then to try and shape the "monthly reversal candle" in AUD and NZD. If they dont, then maybe going higher in NZD, AUD against USD.
@Loneranger, re CAD it is lagging strength compared to the other two, so its easy to think going long cad/usd (when looking at NZD and AUD), but historically CAD has led moves, so do you think its the pair to touch when the EUR/USD bounce is likely corrective and USDX is consolidating?
Lone Ranger
Vieux Fort, St Lucia
Posts: 94
13 years ago
May 27, 2011 9:39
yeap.. looking to go short towards 98 for 97 at last ..
peterthepipeater
Auckland, New Zealand
Posts: 2
13 years ago
May 27, 2011 9:13
@Lone Ranger, u think time for CAD to ripen and follow the crowd? The Chinese messed up my long on the tasman cross :)

@ Ashraf, thx for the info. RBA meeting on June 7
Lone Ranger
Vieux Fort, St Lucia
Posts: 94
13 years ago
May 27, 2011 7:06
this tight 9750-98 range in loonie should give soon..
Ashraf Laidi
London, UK
Posts: 0
13 years ago
May 27, 2011 3:14
The Melbourne Institute expects RBA June hike

from MNI FX Bullets

21:01 05/26
AUSTRALIA: The Melbourne Institute has raised its forecast for
underlying inflation, expecting it reach the 3% RBA's upper limit by
December compared with its previous forecast for 2.7% by December. The
persistent rise in oil prices had led us to revise our forecasts
upwards, the institute says, adding, they expect a possible June rate
hike by the RBA as a pre-emptive strike to keep a lid on domestic
inflation. While we continue to forecast at least two rate rises, we are
mindful of the fact that consumer confidence remains weak, and global
financial conditions are still problematic, the institute says.


Ashraf
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