Wednesday, February 15, 2006

Update 15 Feb

CAD
Thank you Anonymous, :)
Yes, that spike during the news was a nasty one, always too risky to trade before news, and it completely swiped my previous CAD post, so it doesn't even matter that after the dust came down, CAD made to 1.1511
Intraday support little above the recent low at 1.1511 and below that 1.1490/85 to retest 1.1374 low and possibly continue below.
Above 1.1568/73 resistance at 1.1660/1750 to 1.2000/2020

Crude made to the first target (closed right above the fib line and important MA on wkly) and I expect a correction to 64.30<>65.50 before it continues down to somewhere around 50 (54-47 or 44-32)

USDX Critical support around 90.35 and 90

JPY
I am confident it will stay below 117.69/85 but certainly below 118
Strong support between 117.30 and 116.87 break below that support area will confirm 115.45/06 to continue down to 111.6 to 110.7

AUD
Not really an opportunity there yet.
Probably down to 0.7395/89 then up to 0.7427/35 .
Gold quite possibly in a correction up to 556.7/557.7 to continue down to around 510.

This could indicate possible AUD move up above the mentioned resistance to test 0.7510/77/98 and possibly 0.7697
Below, support @ .7389 for a .7232 to .6773

Crude and Gold, and partly USDX, all support weaker dollar on very short term at least.
it is quite late, continuation in the morning
ID

No comments:

Post a Comment