BUY the Aussie, SELL the Sterling! ...and BUY the Euro?

BUY AUD/USD

Rate: 1.02285
Stop: 1.00700
Limit: 1.1000

Why?

1. 1.02295 is right on the Fib support line drawn from 10/4/2011 to 10/27/2011 - BUY!
2. The current price is at the Fib resistance line drawn from 5/25/2011 to 7/27/2011 - BEARISH.....so we wait for it to go down to 1.02285
3. the MACD chart shows the fast and slow lines apart, and quite high, signaling a reversal coming soon...
4. The SSMA is at 1.025, so putting our bets below it is a good solid conservative play
5. There is a clear Wedge Pattern forming after the ascending trend line....signaling a breakout.

SELL GBP/USD (Updated)

Rate: 1.5295
Stop: 1.5530
Limit: 1.4800

Why? 

This is another play on the euro's demise...but is less crowded. Also...the Bank of England is going to have to cut rates soon with the euro tanking...and this will be very bearish for the Sterling.

And one more trade...

BUY EUR/CHF

Rate: 1.1950

Stop: 1.1800

Limit: 1.2400

Why would Ara recommend buying the EURO...now....when it looks as if Europe is about to collapse? Well, i'm not suggesting that the Euro is a good investment, however the Swiss have made it clear that they will not allow the the Franc to appreciate too much against the Euro. They stated that 1.20 is the low end of the range they are willing to tolerate. SO lets place our trade right under the line...a nice...safe...comfortable place to call our home!