- Sell rallies in EUR, USD and JPY;
- Buy dips in GBP, AUD, NZD and CAD.
It then becomes a matter of picking the right time-frame to trade your chosen cross-pair on. Yesterday we had chances to sell EUR/AUD, today we have to look for the next opportunity.
Intraday I like the buy AUD/USD dips strategy, with .9450 now likely to contain dips for a move to .9600. USD/CAD looks oversold and contrarian bulls should keep a close eye on what happens at 1.0600. GBP still looks strong and will remain so during Asia unless some unexpected GBP/JPY flows appear.