RBA may dump aussie but AUDUSD can still rise. Demand for high yield is high.
Adje on
October 7th, 2009 04:55 GMT
Sen mentioned RBA dumping arround 89.10 level.
Looking at the charts the daily is expanding a triangle and that looks bearish to me. Also on the hour TDI is curving downwards. Pretty curious for further develpments.
RBA may dump aussie but AUDUSD can still rise. Demand for high yield is high.
Sen mentioned RBA dumping arround 89.10 level.
Looking at the charts the daily is expanding a triangle and that looks bearish to me. Also on the hour TDI is curving downwards. Pretty curious for further develpments.
Sen=Sean
I had shorted AUDUSD at 0.8888.