Positions update.
My weekly short on AUD/NZD @1.3150,TP1 - 1.2850, TP2 - open, SL - 1.33 was blown out into pieces last week. I never thought 1.33 level would be breached, but the dovish New Zealand money team and the earth-quake were just enough powder to fry out my short.
The weekly short on AUD/CAD @1.0050 is still active and has compensated for the AUD/NZD haircut. I intend to add more shorts if AUD/CAD hits a high of 1.0020 as the monthly setup still projects a correction 0.9600 as the first support level.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!