BombayBulls
Long

AUD/USD - Fundamentals Vs Technical

FX:AUDUSD   Australian Dollar/U.S. Dollar
15 0 1
Some might say fundamentally Australian dollar             deserves something around 0.6500 level against US dollar             and that's where value buyers will jump in. But well, if everybody is saying 0.6500 then we would say, add roughly 300/500 pips and make it a base level ;)
So we get something in the vicinity of 0.7000. Current price is sitting somewhere in the middle because short has more value if it is near 0.7500 and long is not attractive until around 0.7000 at least. Besides it is tough to short Australian Dollar             at extreme because of its 'carry power' - something like stock with good dividend.
Let's see where it gets push around during today's NFP and if it is near the levels mentioned above, we will go long or short. But until that we will be trading it with long bias between the range 0.7325 - 0.7380.
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out