AdamFx42's Blog

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NZDUsd still stuck just above last weeks lows

I have a NzdUsd long position that may be in trouble

My NzdUsd long is stuck just above friday's lows of 0.6720
I need this pair to move up if I want any chance of regaining myself in
this month's contest
I have comitted myself to trading Nzd and Aud longs this month
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Trying to find AUD lows

I am trying to buy the lows in the Australian dollar
I have bought AudUsd around 0.75 after it went down after the interest rate cut
I am short GbpAud and EurAud now, too
I also went long AudChf, as the pair should recover from lows
I am hoping Aud will recover (a bit) and not fall any further
We shall see
gl all
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Another week to try my luck :-)

A new week in the land of trading
Most currencies are still under pressure, and may go lower this week:
Usd/Jpy, Eur/Usd, and about every cross do not look good
Because of the technical picture and gains last week,
Nzd/Usd, and Aud/Usd have a good chance of going higher, and so does Gbp/Usd - profiting from Usd pullback,
I will be trading Nzd and Aud this week, and hoping to gain some profits
gl
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