Welcome to the new week!

Hello traders and welcome to a new week in the FX world. We finished last week with a bit of volatility. After NFP, Euro fell then retraced half of its losses. Heading into the new week, and it is under pressure with Greece issues at the forefront. Lots of pairs hitting heavy resistance so will watch for signs and confirmation of reversals.

News of the day goes to the weaker than expected retail sales figure for Australia. Market expects another 25 basis point off the current rate. About time we went on this easing cycle, mortgage repayments are killing me ;).

Strategy this week is watching for reversal for the Aussie, Euro, and GBP.