Update - Friday 19th March , 2010.

Markets are still very choppy with no correlation seen. I still believe its best to just look at the various crosses for trading opportunities. Thus this  morning the pairings that are sticking out like sore thumbs are the weakness seen in Eur, Kiwi and Gbp against the strength in Cad and to a lesser extent Chf and Usd.
Given the continuing flip flopping by Germany over the Greek situation, I would prefer to stay away from buying Eur pairings unless I see something particularly strong to buy the Eur.

Eur/Usd expect to see buyers  at 1.3530 but a break would have us back testing the past weekly lows  at  1.3470.


Eur/Cad stands out, but looking at the weekly chart we still have a ways to fall  before we find any support at all. 1.3500 then 1.3270 are next support levels  for  the  pairing.

Usd/Cad break of 1.0072 lows  should target 1.0016.

Gbp/Cad...at all time lows  as far as I can see...looking for a triple bottom to form Gbp/Cad at 1.5271 for a long trade targetting  1.5389 initially. stop would be 30-50 pips..

Gbp/Chf I will buy on a break and close above the hrly 300 lwma.

Gbp/Usd is currently chopping either side of the hrly 300 lwma with 61.8 fib providing support. Lower risk entry would be on an hourly close above both the 300 and 220 lwma . target would be current res line at 1.5270 with stop under the lows.

As far as Kiwi goes still believe we see further weakenning against Cad  and  the USD. Watching 0.7065/70 Nzd/Usd  support. 0.7130/50 area Nzd/Cad for reversals.

Aud/Usd currently testing support here at 0.9186 a break targets 0.9160 - hrly 100 smoothed ma  then 0.9131 and 0.9103.

Yen Crosses are pretty much sideways  here  with no interest to enter into trades.