AUTOREFRESH 
Citi Techs going long AUD/NZD
By Sean Lee || April 15, 2010 at 22:07 GMT
|| 14 comments || Add comment
They have been very busy in the last few days, mainly selling dollars, but now they are targeting the AUD/NZD cross for purely technical reasons. Their argument is that, after a period of consolidation, this pair is again set to break higher. They are long at 1.3116 with 1.2920 s/l and minimum target 1.3640 and possibly 1.4240. No thanks Tom, not for me.
Gday sean. Been a interesting one ehh. I was on the good side thanks to the forexlive crew and family! sounds like city might be using aud/nzd as a proxy to hit 9400 levels on aud/usd. Your thoughts much appreciated. Thanks
would that be a absinthe mixer fms?
G’day Hart. I think this is a 100% technical trade, no tactical or techmental or whatever else they call it mixed in.
no way, man. straight islay malt soft as summer saffron
alliterating aloof and away abstrusely 
Oooh summer saffron.
It’s been so long since we had summer anything here.
Hey, Sean. Have they hired a new hand there at Citi? Their trading seem to have improved, or maybe they just had a poor run like the rest of us do. And are you still bullish aussie?
Hi Mike. No same old guys who just like the rest of us get it wrong sometimes but keep plugging away until their luck turns. I’m still small long but that’s almost like a hedge against my l/t gold position. If 9450 breaks that will signal for me the beginning of the next bullish phase but I would not buy breaks. The market is still very long esp on the crosses so stick with buy-deep-dips policy I feel. What are your thoughts?
Lol. I have no earthly idea. There’s minor RSI daily and weekly divergence, but it isn’t overbought. Which “kind of” leads me to believe it’s going to make another run up. I really don’t know what to do as far as anything! That’s why i’m waiting to see what happens this earnings season. I got murdered last week, so taking a break during my move, seems best for me. Easier said than done though.
here being downunder? april is the cruellest month, breeding. lilacs out of the dead land and all that
(where can i find technical top values for indices?)
Good grief no fms.
Although it certainly literally feels that way.
I have been hearing this projection for over a year. It is usually 1.42 instead of 1.40 but no can seem to tell me what moron would buy any pair, regardless of projection, when the price is already higher than it has ever been since there was a spot market. The way that any price increases is that there are more buyers than sellers. I can’t figure out for the life of me, where all of these stupid buyers are coming from. What criteria is being used for these outlandish prophecies?
What is the point of scaring traders with this kind of speculation?
I’m at a complete loss.
Who excactly are Citi Techs?
Firstfx, they’re ‘technical’ traders at Citi .