AUD,NZD/Flows and Orders

AUD/USD still looking well bid

I think Europe will have another serious go at the topside in AUD/USD when they get started in the next hour or so. We are currently sitting 10 pips off intraday highs and the pair is having trouble sustaining any dips, so if some more serious short-covering emerges then we could see the Aussie go on another sharp rally. No word yet on where the big orders are but I should get some info in the next hour.

  1. Sean,

    Here is something for you and for the readers of this site:

    This is a mathematical analysis of the price action to try to measure the probability of reversal. I will provide in future posts some more details. 50% means you have 50% odds that the market will reverse. It is worth looking at all probabilities above 75%, especially everything close or above 90%.

    From the table, the AUDJPY is a good short opportunity (better than AUDUSD). It was great when at 82.30.

    Good luck to you all.

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