Wednesday, December 22, 2010

The AUD is becoming extremely overbought. (update 10) - pre-xmas overbidding, something up?



Probably setting up to sell on a rally. But hedge funds selling on rallies will only happen when banks/investments banks holding long positions unwind. And since the AUD is one of the most overbought 'risk' currencies of 2010, any AUD unwind should be substantial.

No comments:

Post a Comment