Right now i am thinking about going short on aud/usd. Is anyone else thinking the same thing? I may also consider going short gbp/usd now aswell.
Hope to see some replies…
I’m taking it you’re talking about the very short-term. People were tempted to short around the time you wrote and made a little money, not too much, but now, as you probably already saw, AUD is up up up again, due to the sorry-a$$ USD’s broad-based decline, and high commodity prices.
My opinion is that right up to, or even a few trading days after the upcoming Fed interest rate decision, there’ll be some scary USD spikes (revivals).
All that means is look for USD to gain up to 1.5% to 2% fast during a day or for 48 hours and then resume decline again. These spikes might happen a few times until early November.
I don’t know if going long AUD in the medium-term will do any real good. Might gain a couple more hundred pips, I don’t know, but I’m building short positions here.
Looking to harvest the results in 2-3 years.
So I’m shorting AUD long-term.
As for GBP, this thing might run to 2.10, but I think it’s good to short long-term from around current levels 2.05.
These are just my views.
It all depends on the time-frame of your speculation and how you play The Game.
You’ll have stick to technicals if you’re looking to play short-term.
i hope you didn’t short audusd and went long when you saw it reverse. very many pips right there 
I suppose it depends on how long you want to hold the trade? I see upside on both the 4h and daily off 9252.
Now we can see exactly who was right.