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All that glitters is not gold.  Although gold has been pretty glittery against the dollar lately, there’s been some interesting discussion on Currensee about the Australian Dollar, too.  It started with Craig noting that the AUD looks strong against the US Dollar and asking for comments.

Barak jumped in with some good technical notes on the overnight interest rate and observed that “0.9000 is a psychological level as well as a technical resistance level” which made me check the Community Historical Volatility widget…

…that shows us some entry and support points on the AUD/USD pair based on the Currensee community’s actions, which we can also see in the Market Watch:

Which shows that the community is split 50/50 long and short on the AUD/USD pair, but there’s more volume long and at least for the moment, the short money is winning.

Log in to Currensee to add your thoughts to the discussion and check the social indicators.

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Be sure to read the full risk disclosure before trading Forex.  Please note that Forex trading involves significant risk of loss. It is not suitable for all investors and you should make sure you understand the risks involved before trading. Performance, strategies and charts shown are not necessarily predictive of any particular result. And, as always, past performance is no indication of future results.

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Be sure to read the full risk disclosure before trading Forex. Please note that Forex trading involves significant risk of loss. It is not suitable for all investors and you should make sure you understand the risks involved before trading. Performance, strategies and charts shown are not necessarily predictive of any particular result. And, as always, past performance is no indication of future results. Investor returns may vary from Trade Leader returns based on slippage, fees, broker spreads, volatility or other market conditions.