Jeff_Jeff_ , FX Trader, Saxo Bank
Singapore, 30 August 2012 at 01:27 GMT+0
Recommended Recommend Unrecommend Recommend
Aud/usd. Lets get straight to it. Some heavy selling going through the market before driven by what I said below. There are good size real money bids all the way down to 1.0300 as there have been all week. Most likely driven by real money rebalancing for month end. The move down will therefore be a grind ratehr then a fall out of bed. That being said the bounces are non existent. Topside we sell lots of offers 1.0380/1.0410 with stops not kicking in until abopve 1.0440.

Techs. Hourly resistance now at 1.0355. 1.0537 55 dma as well.
Down side 200 dma at 1.0313 the big one then 1.0300 then 1.0260 cloud top.

Much further we have 38.2% Fibo and 100 dma at 1.0210/20 area.

AUDJPY daily support here at 81.20 triple bottom. 100 dma at 81.00 cloud top at 80.80. Watch out for Mrs Watanabe runnign for the hills if the last one goes.

Topside 81.50 o.n high and then 81.71 200 dma should cap today.

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Saxo Bank provides an execution-only service. The material on this website does not contain (and should not be construed as containing) investment advice or an investment recommendation, or a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. Saxo Bank accepts no responsibility for any use that may be made of these comments and for any consequences that result.

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