Got burnt

So, for all the alignment we had in fundamentals and technicals,the Aussie remained stubbornly high. Price action continued to range and knocked out all my stops. Frustrating.

Not much in the way of price action setups today. Have an order for the AUD/JPY to short waiting on the sidelines. GBP/JPY also looks attractive with price below key resistance level.

Aussie Ripe For Selling

So after yesterday's not so amazing employment figures release, the Aussie has ended the trading day in negative territory. Technical indicators are pointing South and some nice setups appearing this morning:

Trades are set. Will be keeping a close eye on the price action today.

Ho Hum...

Not much happening really post the 4th of July. All a bit boring in the market at the moment with most pairs still stuck in their ranges.

Aussie unemployment figures coming up tomorrow and heading into a heavy docket to round out the week. May see breakout price action which yields some opportunities next week.

Morning update 04/07/2014

AUD was smashed in yesterday's trade. A reaction to the speech from RBA boss man Glenn Stevens. Another inflection point for the Aussie after its multi-week correction rally. Will be watching to see if any selling opportunities arise in the coming days.

USD stronger after better employment figures, but activity still remains muted with Independence Day holiday today.

Morning Update 03/07/2014

Bah, so I would have made some coin if I had stuck with my last two trades. In hind sight, it wasn't the worst decision I ever made.

USD has been the biggest loser in the past week with most pairs (especially GBP and NZD) breaking ground against it. However, market has still been quite flat with most of the crosses still stuck in their prevailing ranges. Guess that is always the case with NFP week.

Will be keeping a close on Thu and Fri price action. Hopefully some big numbers get posted which generates some volatility.