...will be keeping an eye on the AUD/USD for a chance to get long for the next leg up. .97 seems to be holding nicely, not sure if it will continue. This may be a chance to stagger in some longs all the way down to the rising trendline. I expect this little bounce back in the USD to end today (Friday!) and for next week to continue downwards.
As for the NZD/USD, it would be nice to get short again, possibly on another rally. I would like to look into building a longer term NZD short, something that I have not done yet. I've rarely held trades more than 3-4 days, a week at most. So this would be a new experience but one that I believe would pay off. Selecting the right points to exit the trade (at a loss ie S/L) will be the most difficult issue, I believe. Building long term positions is fine and dandy until one needs to look into determining at which point they say I WAS WRONG on direction, news, whatever.
More of that next week. I'm looking forward to the Sunday gaps...it would be nice if we could see some action similar to last week's gap movements.
And I'm up +7.9% for the year.
Have a good weekend :)
