Seeking Alpha
  • vivekbalaney
    Hi, is 1.0225 a good level to keep holding on to AUD/USD or is it better to exit .. the pair has been tanking senselessly .. any ideas?
    11/10/11
    Reply (7)
    • Bio Insights: don't forget you're earning rollover on it. Sure, it could head lower but unless you're very deep in margin i think this is the wrong time
      11/10/11
    • Bio Insights: to sell. Just don't get wiped out - give yourself room
      11/10/11
    • vivekbalaney: thanks brian .. im a newbee, bought 200,000 at 1.0225 with target of 1.0300- what do u think ?
      11/10/11
    • vivekbalaney: also i dont understand whats earning rollerover, i think my account is interest free..
      11/10/11
    • Bio Insights: If you're using a forex broker (I use FXCM) the interest rate differential between AUD and USD will be given to you
      11/10/11
    • Bio Insights: It happens at 5:00 PM New York time. You get $3.16 per 10,000 USD you put into that currency pair
      11/10/11
    • Bio Insights: I have no idea if we'll hit 1.03 because one bad word out of europe and this rally is gone. Just make sure you don't get wiped out!
      11/10/11