All looking calm and collected except for USD/CAD. It has broken previous highs at 1.0080/90 and 1.0100 and is looking towards a clutch of resistance and the 61.8 fib (Jun-sep 2012 hi/lo) at 1.0125/35. Can’t see any reason for the moves so will have to chalk it down to thin markets. We may have some flow moves coming through around the 21st due to the China Nexen deal being finalised. Some of the deal is for US based Nexen parts so there may be some switching about between USD & CAD.
EUR/USD is back at the 1.3350 level after it’s little stroll lower earlier.
GBP/USD had a half hearted attempt at the upside but ran into offers in the 1.5510 region. It’s slid back now to the 1.5460 level.
USD/JPY As noted earlier we can’t find a way through 94.00/10. I’m wondering if tomorrow will bring the G20 relief rally when the States are back online? Personally I’m going to stick a small buy order in overnight around 93.75 with a tight stop to test my theory.
AUD/USD No surprises here I see after my comments last week. We’re around 1.0300 having tried as high as 1.0315. Still stuck in a tight range and still making the bears work hard for their profits.