I’ve been away from this pair for a while despite posting the corp stuff.

I, and a few others on here missed the gravy train from down near parity and a lovely train it was. I hope others managed to get on board.

1.0400 was a fairly big level for the pair and it broke under some fairly good strength. It looked too strong for me so I let it go.

There may yet be another attempt as we are still driving around the area.

There’s a nice confluence coming together of the June 2012 high and the 55 mma at 1.0445.

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My love of such big long term tech levels means this temptation is too big to resist.

I’m going to look to go short at 1.0400 and add to it just ahead of that confluence level at 1.0445 and more at 1.0520. I’ll also be watching the strength of any moves up there to see if I either stop myself out or add more ahead of the Oct 2011 high at 1.0655. If I do my stop will go in on a break of 1.0700.

It’s along way to go and will be a long term trade but as usual I will be paying attention to how the market feels when and if it happens.

In the here and now;

Resistance is seen at 1.0398 then 1.0417 and the high at 1.0419.

Below, support is at 1.0300 and then corporate bids at 1.0270.