FX...
AUD/USD…could get as high as 92.30’s.
AUD/JPY…92.15 is weekly resistance
EUR/AUD…143.11 would be an extreme low today.
General Comments or Valuable Insight
The Aussie and the commensurate crosses are what’s in play today.
EUR/AUD could eventually work it’s way to the 137’s.
The board is presently still buying the Commonwealth currencies and short Yen & Euro.Time Frame Trading, we’ve come a long way in these crosses since last night.
Many market participants will be leaving early for the Jewish New Year and won’t be returning to trade until Sunday.
Shana Tova
Let things digest before you start trading today. The Bonds will lead many instruments including the Equities.
The Bonds have a chance to bottom for a bounce on Friday’s Employment # but the more likely date is in 2 weeks.
Today into tomorrow is not the time to press the current direction (Chase). Be patient with trading today since directional extremes are more likely.
Short Term View…
Trade instruments off their own technical s
Time Frame Trading.