EURUSD update (read earlier posts)
EUR holding well and making a charge towards 1.37. It's on the right track for short term trading for rest of this week. Short term investors could leave orders to take some profits.
AUDUSD
Risk is favoured and this helps bring AUDUSD above parity. It's taking a breather aroudn 1.0050 area waiting for an opportunity to test 1.0250 again. AUD needs this risk appetite to keep it lofted but as discussed in my earlier posts, the fundamentals are still looking good for AUD despite the floods.
USDJPY
Still in range with side ways trading today. Buy on dips for range trade 80-85.
GBPUSD
1.60 is getting close. After a bout of profit taking today, imade a couple of attempts to clear 1.60 resistance. This needs to clear if GBP is going to charge ahead. I think we could see more profit taking at this levels.
