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FX Levels for Today. July 1, 2009

Wed, Jul 1 2009, 03:50 GMT
by Abdul Khan

Income Generation Strategies


Overview

Alot of data out tonight on both sides of the Atlantic. Not sure which way it's headed, but given that the USD strengthened yesterday, we might see it go the other way today as the market remains rangebound.

Best to trade for small gains in this sort of market.

Gold will have resistance now around 935, with good support down around 915.

For those interested, I will be presenting webinars for FX Street every Friday at 0500GMT. Hope to see/hear you there.

Data for Today

GER: PMI

EU: PMI

UK: PMI

US: ADP Employment report

US: Pending Home Sales

Trades for Today

AUDJPY: Sell a break below 77.00

EURAUD: Buy a break above 1.7450

AUDUSD: Sell strength towards 0.8120

Email for details regarding stop-loss and profit targets. You can also now get me on twitter at:

http://twitter.com/forexplus


Archive

Income Generation Strategies  | Level 26, Waterfront Pl. 1 Eagle Street, Brisbane, Qld. 4001
http://www.incomegenerationstrategy.com/ | abdul.khan@tricom.com.au

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