Trades

someone asked me in an email the best play right now. In my humble opinion, i think the market is a bit bearish and would favor shorts into 1.2960s with stop above 1.3010 because 1.3000 is a physiological level. However, that is my opinion and should not be taken as an affirmative trade recommendation. 4 prime brokers were saying they were favoring audusd shorts but one reported that most of they big accounts are reluctant to take shorts fearing the QE effects, sell orders from funds and RBA have already been filled and bids now at 1.0380/00 area . All the best trading. bids still now scattered at 1.2930 area and more at 1.2900. technical resistance at 1.2972 area