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US Dollar Trading Program: 10/11/2013

US Dollar Trading Program: 10/11/2013

Jamie Saettele, CMT, Sr. Technical Strategist

We've been trading 'risk sentiment' this week with NZDJPY, GBPAUD, and GBPNZD. The NZDJPY limit was hit at .8210. Look for support at 81.50 now and possibly one more high into the 82.50s. Understand though that I'd much rather fade this risk fueled rally than chase it. I'm looking for a top in yen crosses here.

GBPAUD and GBPNZD shorts are in play from Wednesday (1.6950 and 1.9300 entries). Stops are breakeven and I'm sitting for a break. It's all or nothing on these positions.

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