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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 3119
Posted: Feb 22, 2010 5:00
Comments: 3119
Forum Topic:
Commodity FX (CAD AUD NZD NOK)
Discuss Commodity FX (CAD AUD NZD NOK)
This could possibly push JPY lower, thus driving AUDJPY higher?? Even AUDUSD seems to have held itself up relatively well vs. EUR or GBP.
Looking at other JPY crosses for clues:
1.
* NZDJPY closed above 38.2% fib between 2007 high and 2009 low.
* NZDJPY broke the 61.8% fib between the Jan high and Feb low. Will it close above it today or this week?
2. CADJPY - let's see where it closes, but looks pretty strong for now.
3. Gold - I have read Ashraf's latest IMT on Gold. This might drive AUD lower but AUDJPY??
I am anxious to get Ashraf and others view on possible target (intermediate / short-term) on USDJPY and JPY crosses.
Can someone give me the heads up on Aud/Jpy. Any Fundamentals or Tech analysis would help me out alot . I've shorted this pair at 84.24, as i'm thinking it may fall back.
Thanks
Good job on finding a possible H&S. I've just come back and looking the pair it began to fall. I've never traded crosses so was hesistant. I will wait for the neckline to break