Quote of the day:“The only time you don’t fail is the last time you try anything – and it works.” ~William Strong
Good morning. Yesterday’s rally towards $1.39 has been short lived as no agreement has yet been on the size of the euro-zone bailout fund. Therefore, selling accelerated across equity correlated currency pairs. As the weekend is approaching, all eyes will be on Brussels Summit on Sunday.
Meanwhile, here’s what is worth watching:
EURUSD
More selling is likely as last attempt to climb towards $1.400 has failed. Keep an eye on support around 1.3700.
Euro Vs US Dollar Chart Daily 10-20-2011
AUDUSD
Same story here, as everything is correlated – so we don’t need to watch 40 charts to know what 40 currency pairs are doing: one is enough… maybe two.
Australian Dollar Vs US Dollar Chart Daily 10-20-2011
USDCAD
Resistance is getting tested again and it seems that a break above 1.0250 is just around the corner…
US Dollar Vs Canadian Dollar Chart Daily 10-20-2011
EURCAD
EUR retested support right after my latest report when I said that it’s probably a good idea to look for a buying opportunity on the break above 1.4070. It’s back near resistance, so I reiterate: maybe this time we’ll see a real breakout
Euro Vs Canadian Dollar Chart 4hrs 10-20-2011
Have a great day!
100% sure you have lost the AUD/NZD bet !!! I would like the Ferrari in Yellow, as all Italia's should be, and the iPad 3, well, as soon as you can get it to me, that is fine.
care to make an AUD/CAD bet ? below 1.03 within the next 1.5 weeks.
no, I'll just skip this time. All charts are way too f****d up right now.