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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 3119
Posted: Feb 22, 2010 5:00
Comments: 3119
Forum Topic:
Commodity FX (CAD AUD NZD NOK)
Discuss Commodity FX (CAD AUD NZD NOK)
RBA told Westpac HOMER analysts to at least put out a report stating fair value of Aussie is 0.9334 like all the other WEATHERMAN HOMER analysts have been doing.
Just wanted you input on USD/CAD; I am long at 1.0317 and put my stop-loss at parity; do you see the pair hitting parity? and my profit target is around 1.06.
Thanks for the heads up tweet on AUD/USD - I managed to get in just as it failed the 50-day SMA on 15-min chart at 90.13. I'll shoot for 89.50 unless you mention otherwise. Thanks again.
@Xaron-the RBA does sell currencies in FX, but it is non-aussie currencies. They sell them against aussie currencies to PROP their beloved aussie.