Tradex Forex Journal

As far as the Aussie is concerned, traders are waiting for two important financial news: RBA governor Lowe speech (due at 8 PM today, New York time), and the Australian GDP (8:30 PM), so I guess we won't see any major price action on the AUD/USD until then.

 

Come on, break that 0.7373 resistance you fool, or the kangaroo gets it.

 

Easy with the pullback boy.

 

Stop has been moved to break-even.
Australian GDP in less than 5 minutes, I don't want any freaking surprises.
So far +10 pips on that position.

 

Flirting with the old 0.7373 resistance line (now support level), eh?

 

Out at break-even.

 

Long NZD/USD at 0.7047, 15 pip stop.
Target is 38 pips, more if trend continues.

On an intraday basis this seems like a serious countertrend position, with heavy resistance just a few pips above entry level...

 

Stop is now at break-even.
So far the maximum favorable excursion is exactly 15 pips.

 

Out at 0.7097, +50 pips.

 

Long AUD/CHF at 0.6629, 11 pip stop.

Lousy pair with limited trading range, let's see if we can grab 15 pips or so.