Here are some charts of two currencies who although not very popular, are playing an important role since they are supporting 2009 rally very clearly ( see weekly chart on the left and compare with SPX). IMO they have reached a ST extreme together with their corresponding year high and year low. That is why I will be watching them closely tomorrow for more clues on the potential exhaustion of this rally. I believe they are going to bounce off today's levels. This should be coupled with lower prices at EURUSD and EURJPY and ultimately support a retracement at stock markets.
AUD/USD
Edit: 2:02 am EST Shorted AUD/USD 0.8565 - stop around 0.8580
stopped at 0.8580
re entered at 0.8623 - stop 0.8640
1st target hit at 0.8606 - shifted stops at BEP -5
stopped for remaining 50% at 0.8628
EUR/NZD
long 2.0709 stop 2.0662
1st target hit at 2.0774 - stops moved at BEP-10
2nd target hit at 2.0834 - then flat for a nice profit :)
Flying to safety continues despite of the rally in stocks. Simultaneous rallys at Gold and Bonds are dificult to interprete in a different way.
Also have a look at German Schatz future , my reference today,
