Free talk, Where AUD should go?

AUD falled after AUFRB regular meeting after long weekend, shows many economic figures are C minus.  Market responsed and pushed the price down to 0.6810-6.6820.  4 hrs will test the 0.6800 and will back to 0.6820.  All negatives from AU are out.  Waiting for further USA figures.

DEEP INTO SOUTH.

For AUD at monent, there is no dangers to down to 0.6780. In 0.6800-0.6820 lots enterprice fund buy options.  They are not happy to lose the money.

Originally posted by tigerbite at 2004-6-15 15:01:
DEEP INTO SOUTH.

Originally posted by yidi at 2004-6-15 03:05 PM:
For AUD at monent, there is no dangers to down to 0.6780. In 0.6800-0.6820 lots enterprice fund buy options.  They are not happy to lose the money.

Just for your information on the following:


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#[AUD] sold on various cross fronts. U.S. investment banks best sellers of
[AUD/EUR], Fibo support at 0.5675 pierced, move to year"s 0.5610 low eyed.

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0.67760-0.6780 is very danger area, lots stops. Escape before this point

0.6790 is next target for sure. Break of this target will set AUD on a very very bearish tone!

0.56 is perfect price, we would be there in few monthes.

Today, we might have no chance to see 0.6790 today.  AUD will up soon

My gut feel is AUD will touch base on 0.6790and may bounce back to 0.6870/80 for reconfirmation of downtrend break, thereafter the real fall starts from this resistance.