A lot of volatility today. Number of crosses have shown large moves, and, as of this writing, it isn’t over yet. NZD, for one is getting hammered, while CAD is showing strength. Speaking of which… I’m trying a trade in Canadian Dollar again, only on the loon side this time.

I just went short AUD-CAD at 0.9770. As of this writing, I’m looking at an objective of 0.9650. If the price goes my way, There might be a support around 0.9725-0.9730. Depending on how it all unfolds, I might cover at the support and try to reenter just under it, 0.9715 or so. Ideally, I want to be out of this trade before the weekend.
Mike K.