Just to reiterate, in case you’re short, talk in the market now of plentiful stops building above 1.0380. Not sure why but somebody still obviously needs to buy.
Talk in the NY market was of more option barriers at 1.0375.
8 Responses to “AUD/USD: Stop-losses above 1.0380”
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AUTOREFRESH 
sell Aud/usd it is overvalue will drop soon .
Hello All:
USDCAD looks very tempting buy. If one can take 50 or so pips beating pair looks vary promising on the long side.
Sean:
Do you hear anything (order wise) related to this pair? It was relentlessly sold today during NY session on any attempt to get through 97.20ish. I think we may see the change soon.
Cheers,
Sorry Gringo, my info in CAD is pathetically bad; I’ll have to work on getting some better contacts. It doesn’t trade much in Asia so there’s not much info passed around between the banks
Better buy up your AUD before they all disappear and you are priced out forever!
Thanks Sean for responding,
I now your cautiousness of lately for USDCAD due to its erratic moves! For me it has been working great this year, picking the over extended lows and covering into the rallies.
Thanks again and have a great day and the weekend!
Hi, Sean. How’s it goin’? Been thinking about eur/aud longs? It looks really good here after that 50% retracement bounce! The way of technical trading I use, has it bullish now. But, i’m passing on it until NFP dust settles.
Hi Mike. I’ve had some good experiences with EUR/AUD and if you can get the timing right, a 10 big fig move is quite achievable. I definitely would also wait until after the nfp noise and see where its at on Monday. 50 pips one way or the other won’t make much difference
Hi Sean and all you lovers of the crosses:
why trade the crosses when all the action is in the lead pairs? The fate of the crosses is largely determined by the two components vs USD. Also liquidity is heaviest in the main pairs so you get behaviour that fits analysis better.