Wednesday, November 15, 2006

FX Crosses Moments

USD/CAD - Finally it crosses the 1.1400 level after a long time. I just waiting for this level and now it does. The thing i want to know is that will this cross sustain above the 1.1400 levels. Really Dollar is getting stronger and stronger against the CAD.

GBP/USD - Ever since this pair breaks the support of 1.9000 level the Dollar assaulted Sterling very brutally. Now trading at 1.8847 still the Dollar is very stronger.

AUD/NZD - This pair is struggling is to hold above the 1.1600 level. On 240 min charts this pairs made larger spikes but struggling to that levels. Currently trading between 1.1536 and 1.1620 levels.

EUR/GBP - Since start of this month the Euro riding stronger against the Sterling. This pair rallied relentless from the low of 0.6670 to the current level of 0.6787 its about 120 pips. And still theres no sign of retracement.

NZD/JPY - On 4HRS charts this pair formed the Rounding Top and the Strong Double Bottom at 77.40. So here i feel the 70.40 will be the ultimate stop loss for this pair. From here on go long in this pair with the stop loss of 77.39 and cover at 78.70. And if once the 77.40 is takes off then Yen will cut throat against the Kiwi.

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