Tuesday, September 13, 2011

FX Trade Diary 13 Sept 2011

USD/SGD


0015 Hours :

Price is moving towards supply at 1.241-1.245. I am waiting this to coincide with the weakening of the US$. This will likely to signal the bounce in EUR/USD.


AUD/CAD


0023 Hours :

I am looking forward to a bounce in the demand at 1.021-1.023. The Aussie dollar had took a beating for the last 3 trading sessions, and had burned through the demand at 1.03. It is not a fresh level and might just burn towards 1.013-1.016.

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