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Thursday, February 11, 2010

Great week so far...

Currently short (very small) AUDUSD @ .8880

S: .8915

T: .8815

Also, the EURAUD pair is at VERY significant support. I think it's a good doomsday-hedge trade. Should all this Greece stuff send us in a tailspin, chances are the Euro's still safer than a small economy like Oz. Should the Greek worries abate, the Euro could see some recovery, and with a lot of Oz cheer already baked in the cake, maybe the Euro can gain some ground. I have a limit at the moon for now, to be adjusted as the trade progresses.

E: 1.5432

S: 1.5232

T: 1.8000

%AR: 1%

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Interesting ACM gadget