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.
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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.