Tuesday, July 29, 2008

Keeping an eye on that AUD/USD...

I like that .95 support and how it's held up with the across the board USD strength this morning. Major moves against the EUR & support blown on the GBP but AUD holds. I'll continue to watch it and see what happens...looking to revert back to the original long idea and perhaps the employment reports coming later this week will kill this USD rally and allow the AUD/USD to continue upwards (sticking with the longterm uptrend on the daily).

Good afternoon :)

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