AUTOREFRESH 
AUD/USD: stops done below .9100 but no follow through
By Sean Lee || March 15, 2010 at 21:55 GMT
|| 3 comments || Add comment
I’m not sure whether this is a bullish or bearish sign. On the one hand, the market has again shown a strong propensity to bounce straight back after a sell-off but on the other hand the fact that one set of stops was done might suggest that the next set undet .9050 will also get done. Either way, I’m still in the buy-big-dip camp. RBA minutes from the last meeting will be released at 11:30 Sydney time.
Right on Sean. I picked up some pips last night , then traded early New York and picked up some more. 9100 HAS ME PUZZLED as well. RBA minutes should be interesting. I read the market has priced in 116 points in AUD already. RBA says 75 points to get rates to NORMAL level. China? What do you think. I will play 9050 and 9100 very carefully. Good trading
Morning Hart. I’m really unsure about the s/t moves but I’m quite confident that we’re in a 8950/9325 type range and I want to avoid trading in the middle which is where we are now. I think it’s more likely that the next s/t move is down to take out stops below 9050 and the minutes might (but I doubt it) provide that momentum.
Yeah I’m squared up aud/usd. Kinda eyeballing 9155/60 and 9110/15 intraday. Would definitely love that dip. I know you are long, but it could be a great opportunity for you to retrench to the upside. Should be fun. Watching news and the Greece thing seems to be getting long in the tooth over here stateside. Concern seems to be more with the final policy, and how others in trouble may or may not benefit.