Jeff_Jeff_ , FX Trader, Saxo Bank
Singapore, 05 September 2012 at 00:23 GMT+0
Recommended Recommend Unrecommend Recommend
Audxxx. Euraud again the street looking to buy dips towards the o.n lows 1.2260 area. Topside mega huge goliath resistance point now at 1.2320/30 with our friend the 50 % fibo, top of the daily cloud and the 100 dma all residing.
Expect stops above 1.2330 on the day.

Audjpy we are flirting with the 38.2 % fibo at 80.07. 79.99 just dealt interbank now and we are 80.03/06 again.

Next support 79.54 25/7 low and then 79.01 fibo. Resist 80.45 o.n high and then 80.95 cloud top and 100 dma.

Audnzd. Convict/bird another day another shoprt squeeze another heart break for the bears. 100 dma here at 1.2863 initial resist with 1.2920 o.n high next up. We have a better chance of a resolutiion lower today as the mighty Kiwi flexs its wings after a big jump indairy pxs at the Fronterra auction last night. NZ's dairy farmers will be reaching for the 2013 tractor catalogs after this one, pondering if it is decadent to have the leather upholstery and mp3 options. Low Oz GDP will confirm

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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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