Monday, March 1, 2010

Rate plays for Down Under

Time to jump in the balmy waters of the Great Barrier Reef and taste a little bit of Australia. Practical Thinker has been snooping around the up-coming Australian rate decision due out at 10:30 EST. As usual, his homework is impeccable and his results...well, we'll need to wait about 45 mins.
Here's our trade:

Long the AUD from .8990
Target: .9070 {Sold out around .9040}
Stop: .8900

Start the clock, I don't anticipate a long wait on this one. 

~LH


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