The 0.9320/30 area is still providing good resistance and we need to break here for a decent push higher. I have mentioned this level in several posts . The 0.9343 high from the 26 June is the ultimate target but … Continue reading
Party animals my arse. I was expecting a full on 90′s rave up in a field type blast through the levels but all we’ve had so far was afternoon tea and cucumber sandwiches at the Savoy. Now it looks like … Continue reading
It’s still finding it tough to make a proper break and the high so far is 0.9305. AUD/JPY breaks the 100 dma at 93.20 to a high of 93.35, but likewise is struggling to push on. EUR/AUD is back down … Continue reading
Aussie looks prime to blow against the dollar and yen. My Spidey sense is tingling that if these levels go we’re possibly going to put in some decent miles. Just my thoughts.
Falls to a low of 1.4245 as AUD/JPY pushes up further through the July highs and into the 100 dma at 93.20.
We managed to break through the 0.9220/30 and made it all the way up to the strong tech resistance at 0.9287. By the sound of things the real sticky stuff was at 0.9240 and this has now become support, as … Continue reading
AUD/JPY paints the clearest picture of the broad rally in yen crosses. The pair founds support on August 28 and has ripped higher. This week alone, the pair has shot up 370 pips. A key catalyst has been China. This … Continue reading
AUDUSD posting new session highs of 0.9042 as some stops triggered through 0.9035 AUDJPY 0.8995 Falling back a little as I type Like some of the comments I do think the rally should be limited given the references to “further … Continue reading
AUD/JPY is a classic risk trade/carry trade. It does well in the good times and takes a pistol whipping in the bad times. This week, AUD/JPY fell 2.05% or 170 pips with all the declines coming during Tuesday’s panic trade. … Continue reading
I look at the last two days of trading together. Yesterday was a major risk-off theme on Syria and today the market took a calmer second look and unwound some of the moves. Stripping out the noise and looking at … Continue reading