NEWS / Foreign Exchange

The AUD can go 82 cents and higher at any moment

I do think the US dollar is about to tip over the edge of the precipice here. The edge of the ledge remains that Euro 1.3410 level. A lot of people have and are going short ahead of there. This will create further substantial buying above 1.3420, if as I suspect, the long term institutional and trade related flows just continue to eat up the USD buyers.

Above 1.3410 the market should run quickly to around 1.3650.

The RBA will I expect raise rates by 25 points tomorrow morning. They risk being behind the curve if they don??™t and they hate that, especially when there are hikes to be had as I actually think they might secretly enjoy hiking!

The AUD can go 82 cents and higher at any moment. Post the rate hike there may be some profit taking, and/or if they don??™t some brief subsidence but the dips will be well bought.

Currency Trading

TACTICAL Points are for April

EUR/USD 1.3370 +10 pts
Long 2 units 1.3369, stop loss 1.3331
Buy 2 units on stop 1.3399, stop loss 1.3351
Buy 2 units on stop 1.3429, stop loss 1.3381
Sell 2 units on stop 1.3241, stop loss 1.3289

GBP/USD 1.9785 +161 pt
Long 2 units 1.9689, Profit stop loss 1.9721
Long 2 units 1.9729, Profit stop loss 1.9741
Sell 2 units on stop 1.9631, stop loss 1.9699

USD/YEN 117.80 +0 pts
Buy 2 units on stop 118.69, stop loss 118.01
Sell 2 units on stop 117.31, stop loss 117.89
Sell 2 units on stop 116.91, stop loss 117.39

EUR/YEN 157.40 +0 pts
Buy 2 units on stop 157.69, stop loss 157.11

EUR/GBP .6755 -13 pts
Long 2 units .6799, stopped .6771
Buy 2 units on stop .6789, stop loss .6761
Short 2 units .6761, stop loss .6779

GBP/YEN 232.95 +135 pts
Long 2 units 230.99, Profit stop loss 232.01
Sell 2 units on stop 230.01, stop loss 230.89

AUD/USD .8165 +210 pts
Long 2 units .8079, Profit stop loss .8121
Long 2 units .8099, Profit stop loss .8131
Long 2 units .8089, Profit stop loss .8141
Buy 2 units on stop .8199, stop loss .8151
Sell 2 units on stop .8031, stop loss .8069

NZD/USD .7225 +160 pts
Long 2 units .7149, Profit stop loss .7181
Long 2 units .7169, Profit stop loss .7191
Sell 2 units on stop .7071, stop loss .7109

AUD/YEN 96.15 +85 pts
Long 2 units 94.79, Profit stop loss 95.61

1 unit = 50% of Initial Account Size
e.g. for a $100,000 account,
1 unit = $50,000 position
2 units = $100,000 position

STRATEGIC

EUR 1.3370
Bullish at 1.3369, S/L 1.3271
Sell at 1.3201, S/L 1.3289

GBP 1.9785
Bullish 1.9739, S/L 1.9641
Sell at 1.9441, S/L 1.9499

YEN 117.80
Buy at 118.69, S/L 118.01
Sell at 117.01, S/L 117.79

EUR/YEN 157.40
Bullish at 156.99, S/L 156.41
Sell at 154.81, S/L 155.39

AUD .8165
Bullish at .7899, Profit S/L .8101
Sell at .8011, S/L .8069

NZD .7225
Bullish at .7179, S/L .7141
Sell at .7061, S/L .7099

CHF 1.2150
Buy at 1.2269, S/L 1.2601
Bearish at 1.2111, S/L 1.2199

CAD 1.1565
Buy at 1.1679, S/L 1.1601
Bearish at 1.1701, Profit S/L 1.1599