MagnusFX

MagnusFX

The au is showing bearish momentum despite the fact that the RBNZ left rates unchanged, speculation of another rate cut by the RBA may drive the pair lower, Technical analysis showing lower lows and lower highs with a rebound on the 0.38 Fib level from the 0.80 high to the 0.75600 low

MagnusFX

call me crazy, but I belive there may be a decent short sqeeze on the ECB annoucement, the annoucement may not be as big as everyone thinks, retrace to 38% fib level, and then continue to 1.11900, if not.. then great, im still short and overall I'm expecting to take some hits but my risk is managed, looking to short more at a better rate around 1.17-1.19, next...

MagnusFX

overall bullish on GBPNZD short term and long term TP on top trend line, look for more buying opportunities update: enter on a clear break of the 20 day SMA

MagnusFX

USD got ahead of itself vs. the CAD, Unlikely for the USD to continue rising out side of the six month+ channel update: took a loss on this one, stopped out at 1.20 200 pip loss, not looking to go short anytime soon.