4 Comments

  1. No great surprise there Gerry .. They had it coming ( too many politicians playing childish games).. I think thats the end for Labor at the next election.. I hope it doesnt affect the AUD/USD at the open as i didnt close my long position at the weekend.. oh well .. Cheers for all the posts over the weekend..

  2. i recomend you close it.
    on a longer term the audlusd seems to be bullish given the bad situation in china.
    it is on a downtrend channel.

  3. Thanks dibo. I went long at 1.0420 .. I have a feeling that because china didnt hike RRR,s at the weekend , it might gap lower at the open. fingers crossed that it gaps up instead to my tp at 1.0500 .. I will be up at the open anyway just incase..

  4. yeah i guess the bounce on Friday was due to China RRR cut speculation. It seems that China speculators got it wrong past few rounds. China authority started to hide it well.

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