News of a day is GBP better than horrible Gross Domestic Product data that pushes £ upwards (I guess any news rather than catastrophic will have a positive impact on related currency) while US$ is still floating downwards in a slow-death manner. It remains to be seen if Obama and nasty wolves will come up with a $ cure or they will move with a treatments as pharmaceuticals do (make the patients alive but not heal them - once healed they are no more customers).
All pointers so far are saying that agony will be preserved at least until next elections since last thing Republicans want is to Obama administration to take any credit on potential (attempt of) US economy recovery while Dems do not want to hit hard on their voting base with severe spending cuts as well as "hand that feeds both parties" by raising taxes.
Uncertainty ascending...
Update @ 21:30 - Got a small rebound in AUDNZD +12 NZDJPY +34 (2 lots) to make day total about -15 pips. Allowed 2 additional NZDJPY lots to break even looking for a further dip in NZD that didn't happen! Better luck next time...
AUDCAD weekly still holds new support line formed from 12/06/2010 through 12/03/11 low. Next level of resistance is 1.055 area while 100MVA line (day chart) may serve as a short term support/stop.
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