What's Next for Aussie?

0603 GMT [Dow Jones] A surging AUD/USD could be in for a rough start to 2011 as a set of January bond auctions on the other side of the world loom. With another jump in the past week, the AUD/USD is one of the strongest crosses for the year, hitting 1.0197 Thursday, its highest level since being floated in 1983. And though an ongoing mining boom, robust labor market and central bank still in tightening mode make a sell-off unlikely, some US$106 billion of euro-zone debt auctions could hit the cross hard. "There are a lot of bond auctions skedded for January, and those are milestones that loom incredibly large in Australia," says Gareth Berry, director of foreign exchange strategy for UBS in Singapore. "Those will highlight serious euro-zone issues and an uptick in risk aversion." Berry targets the pair at 0.9300 by the end of 1Q, while other forecasts range from 0.90-1.02.

Fx 1
Good luck in your future trades, and always trade with trend, look at USD/CHF it does look like a good short, and if you are fundamentally bearish AUD , you could short AUD/CHF (( it does look very attractive)) but always use stop loss

@Fx 1

My heart goes out to you my friend. Just close your trading position and take a week off to regain your focus. Dont login to your trading plat form just stay away for one week.

You still have couple of thousands lift in your account, you could modify your trading style and practice, always use "tight stop loss" and hopefully by March you will regain all what you have lost, using correct trading style and good advice from experienced traders here.
neither me or any traders can tell how far the Aud can go I wrote yesterday that it could go all the way to 1.043 who knows??

yes sir still alive .. just simply watching .. decided let it be like that .. what else i do

If it takes out the 1.0182 high my next target would be 1.0357. (127.2% ext ret of the last swing down to 0.9537 low) I read that low as a possible wave 4 of 5 in the move up from Oct 08 low.