I am
monitoring the following instruments. Kiwi/USD, Aussie/USD, Aussie/JPY and
Euro/USD
Details
are below.
EURO/USD
Following
my post yesterday afternoon, The USD weakened and EU rallied to 1.3250 area
mentioned in my post on Friday. This has provided me with the pull back from
support that will allow a short entry once the averages cross back down through
1.3150.
I do not
have levels just yet. I will update once we see the averages cross.
Chart
below
Kiwi/USD
Kiwi is still in a down trend and has clear resistance in the form of a
triple top at 0.8275.
Chart
Below.
I am looking
for a cross of the averages a pull back and a short position will be taken.
I will
update with levels once the cross take place.
Aussie
/ USD
AU is
also trending down and I am looking for a short entry.
Chart Below
The
averages are looking to cross down this morning / afternoon. Once this has
taken place I will look to get short on the pull back to resistance.
Chart
below
Aussie
/ JPY
This pair
has been trending up for the past 4 months.
Chart
below
If we can
get a good pull back over the next 24 / 48 hours it would be looking good for a
long trade.
I will update on these potential
set ups during the day and the rest of this week.
RegardsScott
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