AUD/JPY, AUD/USD, NZD/USD, NZD/JPY and USD/ZAR...

Published on Tuesday April 27th, 2010 at 06:36AM by HonEB

Wow, I woke up this morning to a site of red on all across the board (blue with USD/ZAR). So I've been scrambling to get my technical analysis plotted on all the charts. We have some important news on on the calender today AUD CPI which is which is expected to rise by 0.9%. Over the last few months CPI has been as expected or better so it will be interesting to see what today's numbers will read. We will also see the NBNZ Business Confidence today as well. I've been reading in the news that todays move maybe due to a some risk aversion, fueled by some concerns ove the European Union/Greece bailout package. I guess there is still some concerns about Greece's ability to come up with a plan to get their deficit under control. So I think I maybe treading carefully when deciding which pair to work with or even if I will bother with getting in at all. I have a few possible trade plans in the works. Unfortunately, I don't have the time to document all. I will share my plan as soon as I commit to anything.Any suggestions or thoughts would be most helpful ;-)
  • 2 comments
  • Go to keicadelina's profile

    On Tuesday April 27th, 2010 at 06:25PM by keicadelina -

    About the AUDUSD, I'm a bit bearish on the pair because RBA Governor Stevens recently hinted that they might pause with their rate hikes. However, the recent CPI report showed that inflation is still strong and there might be room to hike rates further.I'm eyeing the EURUSD pair right now, waiting to jump in on a retracement from the down trend.
  • Go to HonEB's profile

    On Tuesday April 27th, 2010 at 08:36PM by HonEB -

    Yeah, Im starting to get a bearish vibe now that I think of it. Expecially on the AUD/USD. I freaked when I saw how it broke the lower trendline of my triangle, retraced back up to the trendline but holding steady below it. I think I will chill for a while and watch what happens...

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