Aussie Dressed up but where to Go?

Pipped, thanks for the tip.

By the way: Hanging on to my USDCAD longs is making me nervous. I may add to the position on USDCAD if it dips to 1.0390 or so.

I agree, especially if we get their before Tokyo action in a little over two hours (7:30 pm NYT).

Many times "large" moves after 4 pm NYT through 7 pm NYT are reversed when Tokyo starts getting active. However, Aussie is 200-300 pips too high right now.

0.9035 could be difficult, but that's a good plan. It appears to have a short-term double top in there. Plus, with the air taken out of Golds baloon by the IMF announcement, concerns over Chinese tightening and revaluating, the PIG situation and resulting weakness in euro (and it's illegitimate cousing gbp/usd), can AUSSIE be though of as THE TRUE BASTION OS SAFETY in this world?

Hardly

PEGGY-did you short it at 0.8996 right at 5 pm NYT?

PPT does its job, closes stocks at near highs for the day. They never fail. And if they do, U.S. Gov't guarantees their losses. Why can't we get in a racket like that?

BTW, check the chart of U.S. equities from 2:30 pm 'till close yesterday and today and you will see EXACTLY what I mean.

Also, a fantastic job by the RBA-backed GOLDman trading desk in propping AUD/USD to IT'S gOD-gIVEN PEG OF 0.9000.

hOWEVER, i GOT SOME NEWS FOR THE rba AND THEIR PROP DESK. tODAY IS wEDNESDAY AND A 3-DAY PREMIUIM PAY ON THE "HIGH" TIELDING aUSSIE. In just one hour that premium will be paid to those long AUDUSA. After that, it's "Kitty Barr The Door" for aussie as it will get hit very hard sometime durng the Tokyo and/or London sessions.

The Genie is out of the bottle on this one. Looking for 0.8930 within twenty-four hours. That would destroy the mindset of the RBA and its Mardi-Gras partiers in Sydney.