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Documento sin título
Title Weekly Technical Report
Report Type Currencies
Report Status Published
description Review of the Majors and theeir crosses
The markets are all sitting against major decision points. The AUD and CAD are both at serious decision points and it is a question whether both will survive. We still are keen to be sellers of the AUD CAD which we see as the least risk profiled of the markets. Sterling still has a chance to see the 1.5345 level and the Euro needs to break 1.2610 to open the 1.2955 but both appear to be failing here. The carry trades in the Yen appear weak and still building for a bearish move going forward. The Yen itself is signalling a move to fresh lows and is a sell against the 88.18 level. EURGBP is up against Gann support and we would be sellers to that strength expecting further downside.
Attachments Files
Date File Name File  
2010-07-05 AVCWT050710 AVCWT050710.pdf Download