AUTOREFRESH 
AUD/USD consolidating gains after rally reaches 0.9251
By Jamie Coleman || March 17, 2010 at 19:02 GMT
|| 4 comments || Add comment
If there were a barrier option at the 0.9250 level, it has been swept away after we traded as high as 0.9251 a short while ago.Aussie banks are said to be working offers between the 0.9250 and 0.9260 level this afternoon.
Both AUD and CAD are taking turns leading the parade today as the commodity currencies outflank the big, developed economies.
Interestingly, gold does not share the enthusiasm of the commodity currencies on a day when the dollar is softer and commodity currencies are at multi-month highs. It is at session lows around $1120.
Jamie – for the first time in over 12 hours, the AUD/USD is about to hit the 15-minute, 55-period EMA, so if anyone believes that the “only way for the AUD to go – when Sydney opens for business – is up”, now comes the moment to buy (and ride off into the fiery glory of those January 2010 and November 2009 charting highs that lurk on the antipodean .9300 horizon).
Jamie – at the present moment, the GBP/CAD looks determined to leave its 2-day upward channel (the 60-minute MACD has already crossed its signal line, but the 2-hour has not). Should this delightful shorting event occur, it appears that there is really nothing in the way until the 55-period EMA (currently at 1.54266); the pair is at 1.54657, right now.
I have taken a short at .9224, hoping the aussie offers around .9250/60 really come to the party
. Anyone got some tips?
Depending on what usd/jpy does tonight. I’m going long before the unemployment numbers tomorrow.