Intraday Market Thoughts

Archived IMT (2009.07.28)

by Ashraf Laidi
Jul 29, 2009 0:22

The following Nikkei-225 chart suggests further risk aversion coming up in Asia. With Nikkei likely to retest 9,900 and even 9,866, which will likely prompt a USDJPY rest of 94.00, NZDUSD at 0.6510 and GBPJPY at 154.00 (medium-term target at 152.30) USDCAD longs still ought to consider shorts in AUDCAD for a retest of 0.8910 and 0.8860.


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