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July 14, 2008

Forex Scorecard

I went long the AUDUSD pair last night with the same intent to build a longer term position in it. My belief is that this pair will go to parity with the USD this year or early 2009. I’m still long EURUSD and sitting on a nice profit; I’ll be adding to it on pullbacks, which it looks like might be today.

For all my neural net aficionados, the trend remains up for both these pairs.

Here’s the current score:

  • EURUSD +124 pips
  • AUDUSD +7 pips

One Response to “Forex Scorecard”

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