• Cable: I’m still in the short-term buy-the-dip camp but I’m a bit bruised and we need to break and hold above initial resistance 1.2160/90 where I’d expect the day traders to have their offers.
  • AUD/USD: Expect a broad .6750/.6950 range ahead of the RBA tomorrow. Market is expecting a 50 bps rise but the Governor hasn’t covered himself in glory with his recent statements and I’m not quite sure what to expect. On the crosses, I’m looking for good entries to sell AUD/JPY back towards 93.50.
  • USD/CHF: Looking to buy intraday dips to .9550 with stops below .9500 (where I’ll have company I hear!)
  • Gold & Silver: Long-term trade still the same; staying long but keeping leverage very low for now!