euraud whereto from here, page-5

This is the pair that I will be going long very shortly. I am tempted to take a short on the Aud/Usd but the carry swap is slightly more favourable on the Eur/Aud but only by a little. If your planning a long term trade the swap can add up quickly.

I also feel the worst of the Euro crisis is already priced into the Eur/Aud so further downside is very limited. Expect to pair to consolidate now before a sharp move up (sometime in october). If you take a look at what happened in May of this year you will see how quickly this pair can move. It moved 1400 pips in 4 days!!!!!

At current prices, its not a bad time to go long if you have an open stop loss and are willing to have the swap go against you and are patient. IMO its a safe level

Im keeping a close eye on this pair!