Ok, I was too busy enjoying dinner at a nice Korean restaurant in Melbourne downtown, and watching Australian Open. Ah..Andy Roddick is out! :o: So, No trade again, on Friday. Anyway, I had a tough week, so I chose to stay away from market for awhile.

I exited a swing trade position AUD/USD last week. I have no idea what’s wrong with the kangaroo. Darn! The weaker USD doesn’t help. But, again, I am still NOT turning bearish. We might again trapped into a trading range. Ok, I am not a perma bull of Aussie dollar, but, I don’t see the bear coming just yet. Maybe I am blind. Let’s see. So now, I am applying ‘wait-and-see’ approach again

Here is the…….CHART!

[photopress:audusd18jan2008daily.gif,full,alignleft]

How’bout some Kiwi? I day traded NZD/USD with some peanut profit. The trading range continues. I am staying neutral at the moment.

Here is the….CHART!

[photopress:nzdusd18jan2008daily.gif,full,alignleft]