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2012-11-06
Daily Currency Strength and Weakness Analysis


AUD is extremely bullish as the strongest currency.
NZD is the 2nd strongest this morning but very sideways.
USD is 3rd strongest and edging down at the moment.
GBP is on the border of weak and strong tending towards weakness
.

JPY is the weakest currency but moving up strongly.
CAD is the 2nd weakest and after a bullish move yesterday it is falling back this morning.
EUR is the 3rd weakest and still losing strength.
CHF is the 4th weakest and like the EUR also still losing strength.

Ideal currency pairs it seems for today is:


EURAUD (Short), EURNZD (Short), GBPAUD (Short), AUDCAD (Long),
AUDCHF (Long), NZDCHF (Short) and NZDCAD.

Traders Note:

GBP is very uncertain and trading it currently with any other currency might result in some whiplash. CAD is also not steadily trending along so beware of pairs with this currency in. 

 

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