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AUD/USD technicals: tied in between competing trend lines

audusddailyThe bull trend is still in place but prices are currently consolidating between .7900 and .8150. We should eventually see a break higher to possibly test the golden retracement of the entire downmove, which comes in at .8375. Play the edge on the short term range for now.

By   || July 1, 2009 at 01:02 GMT
Category: All, Asia, Techs || Tags: , || 1 comment || Add comment

USD/JPY order book

USD/JPY is happily trading between 96.20/40 at the moment. I’m hearing of decent sized sell order between 96.55/65 with lots of stop-loss buy orders above 96.75. All the heavy artillery bids are still between 94.75/95.25.

By   || July 1, 2009 at 00:25 GMT
Category: All, Mkt Talk || Tags: , || 0 comments || Add comment

Nikkei opens down 0.7%

USD/JPY is fairly quiet but still drifting a little lower after the Tankan data. The Nikkei has opened lower in line with overseas markets. This might put the JPY crosses under some mild pressure as we head into the Tokyo session.

By   || July 1, 2009 at 00:06 GMT
Category: All, Asia, Mkt News || Tags: , , , || 0 comments || Add comment

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