Japanese/Asian investors buy AUD - 2/06/2010

The AUD is on a downward spiral of risk aversion selling. Perfect markets for bull traps and smaller investors buying into gaps.

Good example is todays trading (02/05/2010) of AUD against the USD

Lows of 0.82. then it jumps to high 0.83 on Japanese political uncertainty (Yen selling) and then the AIG flop (UK prudential pulls out GBP is bought drags up GBP crosses)

So in jumps some traders, most probably Japanese retail/housewife investors, and they bought on the AUD dip. They will get slaughtered on a gap sell or a bull trap (thin volumes)




Volatile markets = deadly