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Old 07-10-2008, 06:53 AM   #51 (permalink)
trader123
Senior Member
 
Join Date: Jun 2008
Posts: 197
1. High yield currencies are back in favour. AUD/USD and NZD/USD have rebounded since yesterday night.

This morning correction for NZD/USD is an opportunity to buy in my view.

Bought 50,000 NZD/USD at 0.7578
Stop level at 0.7535
Target level at 0.7610


2. EURJPY is still trading in a triangle range. Currently it is near to the bottom of the triangle.

Bought 50,000 EURJPY at 168.18
Stop level at 167.72
Target level at 168.70
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