A very interesting day here ( so far this morning ) with commodity related currencies running out of steam “just” as equities pop. Hmmmmm……
Short The Canadian Dollar is looking fantastic here via long USD/CAD as well short CAD/JPY at these levels. with the long GBP/AUD ( suggested some days ago ) now several hundred pips in profit.
We’ve exited both long EUR/USD as well short USD/CHF this morning, after taking profits in long GBP/USD ( 200 pip gain there ) some days ago.
Otherwise…..patiently waiting for AUD as well to a certain extent NZD – to make their turns.
Please pull a weekly chart of AUD/USD and have a peak at the “candle” forming as we speak – as well the continued “downward sloping RSI”.
The chop has been tough on many, but continues to provide many profitable trades…..you’ve just got to be willing to do a little extra work….and be very, very patient.
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