Forum > View Topic (Hot-Chart)
by Ashraf Laidi
Posted: Feb 25, 2010 18:11
Comments: 168
View Hot-Chart
This thread was started in response to the Hot-Chart:

AUDNZD Looking for a Turn

 
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Sean
Colorado, United States
Posted Anonymously
15 years ago
Mar 2, 2010 15:36
@Mo

What crystal ball are you using to forecast 1.36 in AUDNZD? Why not aim for a round 1.4000 instead?
radu
bucharest, Romania
Posts: 203
15 years ago
Mar 2, 2010 15:36


Hi Vik ,

How are you ?
What do say about aud/nzd ? it will have enough steam for above 1.3 , or ...?
Cheers
mo
UK
Posted Anonymously
15 years ago
Mar 2, 2010 15:19
My AUD/NZD hit stop loss, IT seems that AUD/NZD has broken july 2008 high and we could see 1.36.

there huge demand for the Aud and Cad for some reson??
FXman
Massachusetts, United States
Posts: 5
15 years ago
Mar 2, 2010 13:31
aud/nzd broke 1.2945.....do u see any further significant upward movement?...most indicators are for a reversal..
Callum
Singapore
Posted Anonymously
15 years ago
Mar 2, 2010 12:03
@Pipster - To your question, what would get this pair lower? Risk aversion. Major sell-off in Gold. Stronger USD. Ashraf has calling Gold 1020, in-turn, will drag AUD to its knees.
Callum
Singapore, Singapore
Posts: 179
15 years ago
Mar 2, 2010 11:40
@pipster, if BOC going to drive CAD higher, it could (likely) to pull commodity (oil) and its relatives together (incl. Gold, AUD). Like the AUD pair, CAD seems to be making its move higher ahead of the rate decision. There are other factors that could limit a proportional raise in AUD. Notice how the USDCAD is diving lower below 1.04 with AUDUSD now above 90.

This could just be a simple US dollar correlation now vs. any sophisticated correlations given that even GBPUSD is climbing up despite lower than expected UK Construction PMI data and overall below 50.
Pipster
birmingham, UK
Posts: 111
15 years ago
Mar 2, 2010 10:43
Hi Callum,

Are you saying the BOC decision could propell this higher. What would it take to get this pair lower and get meout the red
Callum
Singapore, Singapore
Posts: 179
15 years ago
Mar 2, 2010 9:56
@pipster, before it aims for 1.30, it could be a grind to get to 12965 which was 08 high. Notice how many times the pair has tried and failed to get above this. Perhaps the +ve EUR CPI shortly or +ve BOC release rates announcement could help AUD pull with it for the short-term. Also, AUDUSD seems to be struggling to stay above 90 level.
Pipster
UK
Posted Anonymously
15 years ago
Mar 2, 2010 9:30
Peggy,

This has really hurt me :( Looking at things there is still plenty of push to the 1.3000 area. I'm still short with a heavy position. I know it was wrong of me but the prospect of it falling overwhelmed me. I have a feeling the price may push higher to 1.275 and over...You might wantto watch this one. Good Luck
Peggy
California, United States
Posted Anonymously
15 years ago
Mar 2, 2010 8:37
@Pipster

Looks like we have had the ideal bounce in this to consider shorting. I may take a reasonable position here around 1.2950 since bulls are not relenting yet; I am putting a wide stop as this pair looks to test 1.3000 IMHO.
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