h & s neckline resistance dont miss it, page-46

Nice trade ouzo12 - Hope you were stopped out on the run back up to 0.9698.

Lots of news events out this week. For the US I see NFP (3rd Dec) and the ADP NFP (guidance figure) and PMI (1st Dec). I would think the NFP figure will have improved again toward christmas. If it beats expectations then the USD will continue to improve. Therefore based on the ADP NFP there may be a good short on for the AUD.

Dec 2 - ECB rates decision. I don't think we will get any surprises there.

Dec 1 - AU GDP. Bloomberg story believes this will be a softer figure due to the improved AUD value impacting exports. It will certainly be interesting. I think it will have to beat expectations by coming in around 0.8 - 1% to provide the boost required over news out of the states. If it just hits the mark or lower then a softer AUD will result.

Good article http://www.bloomberg.com/news/2010-11-29/australia-gdp-probably-hit-soft-patch-as-rates-currency-rose.html.

This is a good article on how to trade this news - http://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/trading_news_reports/2010/11/29/AUDUSD_Trading_the_Australia_3Q_GDP_Report.html

Dec 2 - AU retail sales for October - Will probably show signs of improvement, however Novembers figure will be different with the RBA raising rates.

Anyway - Good luck.