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Monday, March 07, 2011

SquawkBox - Nice squeezing with AUD/USD (Daily)

What a squeeze that is happening with the AUD/USD. Really beautiful, hopefully the breakout will be equally spectacular.

With the EUR/USD having a psychological push down at 1.4even, a breakout is waiting to happen with the AUD/USD. Nothing is going anywhere with my Target Profits all placed very tightly due to uncertainties.

Oil is surging like nobody's business causing a rally with USD/CAD. This week is going to be one tough week with a lot of traders waiting for the run. I have been switching between 5mins, 1hr and daily and lately more on 5mins to secure that quicky deal while the main run is greatly awaited for.




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