Kiwis, kiwis...more kiwis

The latest negotiations about green$ have broke down, so let’s see what upcoming week may bring to us.
There is a common consensus that stock market is set to break down a bit further, partially because profit news but more due to a whole uncertainty about direction for next 12 (or more) months in US economy an lack of vision and compromise in White House powers. That brings us to:
KIWI! My fruit of a week :)

Last week’s comments on AUDNZD are still valid – I have placed a small long order @ 1.2510 (20 pips still to get there) with stop @ 1.24328, anticipating that there may be another leg down in 1.245-1.23 area. Risk/profit ratio is way to big to miss that one now – hence the bet. Will move stop loss at break-even if price reaches 1.2525.

Let’s see some other kiwi crosses
NZDUSD:
I have drafted 2 recent (broken) triangles and fibo-sequence, that I use ONLY to illustrate potential moves when it's matching with high/low price levels (in this case - it does). It looks like that there is a very small updown space before it turns negative, bat cautioning is necessary in this wild market conditions!

Potential short @ 0.87 area...will review it at Monday euro-trading session

NZDJPY
Have short pending @ 67.82 with 45 pips stop. Expecting a pullback to at least 65.50...

NZDCHF
Here I am bringing 2 graphs only, so you can draw your own conclusion:

That would be pretty much all kiwi-related...
Another pair worth mentioning is CADCHF. Watch out during next week if support between 849-842 holds. It has a good potential to break above .900 but it will depend if current support dosn't give up!

Other pairs of interest:
EURGBP: 60 min chart shows the uptrend channel as long as 0.877 holds. There may be some scalping opportunities around 0.885 but I am on a side for now....

I also have EURCAD short pending @ 1.3675 ...and that's pretty much all for now.
Again, will wait to see what will happen with US$ crosses!
Happy trading week everyone.

ps. While I was writing this latest blog, gold topped a new all time high @ 1,620.00!!!!!!

1st. Update @ 25.07.11 11:30GMT+1
Long CAD positions are working good(short EUR/CAD, AUD/CAD, GBP/CAD). NZD/JPY and AUDNZD are still fighting around break-even. Moving stops on CAD positions to break-even....

2nd. Update @ 25.07.11 17:36GMT+1

Closed trades:
EURCAD (short): +106 pips
GBPCAD (short): +111 pips
AUDCAD (short): +37 pips
NZDJPY (short)(2 lots): -20 and -13 pips respectively

Still open (as of now):
NZDJPY (short): -13 pips
AUDNZD (long): +23 pips
...so CAD longs worked out pretty well while kiwi is still not giving up!