AUD/USD: Optionality beckons

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There has been a lot of talk about the big option barrier at .9750 but it seems that even if it does break there are more barriers waiting. There is a smaller one at .9800 and it’s no surprise to hear of a large one at .9850, as that was the main high back in 2008.

There will be accelerations if stops go off but the path to parity is paved with obstacles.


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Sean Lee


  1. Hey Sean, what do you think of AUD/JPY for this session? There is no major news coming out till Europe, therefore not much event risk and AUD/USD is on the rise.

    However, my fear of the AUD/USD is a BOJ intervention in the USD/JPY which will cause the dollar to shoot up and the Yen to crash.

    Should I have no reason to fear or is the AUD/JPY really a safer bet than the AUD/USD?

  2. Hi stophunter. Not sure if I’m much help there as I think we should be trading a range of 80.00/81.85 and we are sort of in the middle of it now. I definitely prefer a bearish bias as long as the 61.8% retracement at 8185 caps.

  3. Thanks Sean, it feels like you and the guys are my wise council.


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