NEWS / Foreign Exchange

The Euro continues to edge toward 1.3400 1.3410

It is a public holiday in Sydney on Friday and Monday.

There will be no report Friday, but if there have been big moves by Monday then we may do a CT report on Monday. Otherwise we will be back Tuesday.

The rebound in the AUD has gone to plan and confirmed the long term nature of this price shift to higher levels.

The Euro continues to edge toward 1.3400 1.3410 and think that level could be dramatically breached later today. As per yesterday??™s CV, a break there is likely to see 1.3650 relatively quickly.

The USD/YEN still looks to be in overshoot mode to me. The market looks very happy being short Yen today, but I think there could be a surprise in the wings.

The NZD is the quiet achiever, and should continue to perform steadily.

Currency Trading

TACTICAL Points are for April

EUR/USD 1.3375 -3 pts
Long 2 units 1.3349, stop loss 1.3321
Buy 2 units on stop 1.3399, stop loss 1.3251
Buy 2 units on stop 1.3429, stop loss 1.3381
Sell 2 units on stop 1.3261, stop loss 1.3299

GBP/USD 1.9765 +49 pt
Long 2 units 1.9689, Took Profit 1.9721
Long 2 units 1.9769, stop loss 1.9721
Buy 2 units on stop 1.9789, stop loss 1.9731
Buy 2 units on stop 1.9819, stop loss 1.9771
Sell 2 units on stop 1.9671, stop loss 1.9729

USD/YEN 118.65 -4 pts
Long 2 units 118.69, stop loss 118.41
Sell 2 units on stop 118.31, stop loss 118.79
Sell 2 units on stop 117.31, stop loss 117.89

EUR/YEN 158.65 +96 pts
Long 2 units 157.69, Profit stop loss 157.91

EUR/GBP .6770 -28 pts
Buy 2 units on stop .6779, stop loss .6741
Short 2 units .6761, stop loss .6779

GBP/YEN 234.45 +285 pts
Long 2 units 230.99, Profit stop loss 233.71
Sell 2 units on stop 230.01, stop loss 230.89

AUD/USD .8195 +302 pts
Long 2 units .8109, Profit stop loss .8151
Long 2 units .8129, Profit stop loss .8161
Long 2 units .8159, Profit stop loss .8161
Long 2 units .8199, stop loss .8171
Buy 2 units on stop .8229, stop loss .8181
Sell 2 units on stop .8031, stop loss .8069

NZD/USD .7210 +83 pts
Long 2 units .7209, stop loss .7161
Buy 2 units on stop .7229, stop loss .7171
Sell 2 units on stop .7071, stop loss .7109

AUD/YEN 97.15 +185 pts
Long 2 units 94.79, Profit stop loss 96.41

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 1.3375
Bullish at 1.3369, S/L 1.3281
Sell at 1.3201, S/L 1.3289

GBP 1.9765
Bullish 1.9739, S/L 1.9701
Sell at 1.9441, S/L 1.9499

YEN 118.65
Bullish at 118.69, S/L 118.31
Sell at 117.01, S/L 117.79

EUR/YEN 158.65
Bullish at 156.99, Profit S/L 157.41
Sell at 156.21, S/L 156.89

AUD .8195
Buy at .8229, S/L .8171
Sell at .8021, S/L .8069

NZD .7210
Bullish at .7179, S/L .7151
Sell at .7061, S/L .7099

CHF 1.2190
Buy at 1.2269, S/L 1.2601
Sell at 1.2151, S/L 1.2209

CAD 1.1590
Buy at 1.1639, S/L 1.1581
Sell at 1.1531, S/L 1.1589