First report for the New Year

Hi all and welcome to my first post in 2013. Was a quiet one leading into end of year holidays for me hence the absence in any posts. However, back this week, more optimistic than ever. Good luck all for 2013.

Key levels to watch for in the coming week (14/01/2013) Pair Price Bias Comments AUD/CAD 1.027, 1.03254, 1.04278 Bear False break of 1.04278 and the downward trend line since Feb 2012 AUD/JPY 88.741, 91.211 Bull Watch for retracement for long entry. Confluent level at 38.2% Fib retracement of the current leg up. AUD/NZD 1.25186, 1.269 Bear Consolidation moves at the moment. AUD/USD 1.03664, 1.04103, 1.04779, 1.05825 Bull False break of 1.05825 at the end of the week. NZD/USD 0.82654, 0.83395, 0.84596 Bull Topside failure at 0.84596. EUR/USD 1.31256, 1.328, 1.34768 Bull Clean break of 1.328 level. EUR/AUD 1.25368,1.2801 Bull Break back above 1.23568 pivot. EUR/GBP 0.81484, 0.82195, 0.82828 Bull Previous resistance high breached. GBP/AUD 1.51987, 1.5277, 1.54658, 1.5634 Bear   GBP/USD 1.58287, 1.60125, 1.614, 1.63047 Range   USD/CHF 0.92414, 0.94301 Range Approaching top of the range @ 0.94301. GBP/USD 1.59134, 1.59774, 1.60814 Bear Break back below downtrend line. Key supports @ 1.59771, then 1.59134

General Commentary

Euro resurgent after ECB meeting. Commodity currencies looking healthy after strong Chinese economic prints.