AUD/USD looking bit heavy around .9130
By Sean Lee || March 11, 2010 at 00:37 GMT
|| 5 comments || Add comment
The jobs data was slightly disappointing but that will be totally forgotten about tomorrow. If the market is truly long, then we should see a move lower from here towards .9060/70. If it cannot break below .9100 I would consider that to be a bullish indication of a market which doesn’t want to go lower. Let’s wait and see.

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I hope that .91 holds up, but it depends on which report the market focus on. The drop in unemployement rate, or the measly 400 job growth. Considering that the markets intil reaction has only created a 30 pip sell off, they could be focusing more on the unemployement rate.
hello Sean, how are you tonight? the Aud fall slowly and eur/usd also but what is target for eur to going, i am so boring :s
Hi Simao. Yes very boring again. EUR/USD should now stay above 13550 I think and the upside target is 13825 initially.
Sean, if you are bored, maybe it’s time to rethink your relationship with the CAD and: 1) scalp the USD/CAD downward channel in about 2 hours (as it hits the top part of the channel at about 1.0266) and ride it “down” (to about 1.0200 or so – the bottom of the channel right now), getting out before “tonight’s” Canadian Government international report (due out at 13:30 GMT); or, 2) take a walk on the wild side… before the release of the aforesaid Canadian Gov’t. trade report, short the GBP/CAD (particularly if the GBP/USD bumps up against 1.5026 and can’t hold on later today) and keep that trade (right through tomorrow’s Canadian Government unemployment report, due out at 12:00 GMT), aiming for GBP/CAD 1.4824!
Well I am bored Solange, but not suicidal! GBP/CAD, one loonie against another. I’ll keep an eye on USD/CAD, if it hits your levels and timing, then I’m in to pass the time.