Technically:
Monthly and weekly charts are all showing BB that's either just beginning to widen or is still widening, MACD and Stoch all supporting a bearish trend.
AUD and NZD
JPY Crosses
Fundamentally:
- Market's jittery, best to play risk aversion ie. LONG JPY.
- Shorting AUD and NZD (NOT longing USD, but really just shorting AUD. And since I'm shorting AUD, might as well short NZD - since NZ's economy depends so much on what happens in Australia. I could short AUD/JPY and NZD/JPY of course, but that will mean too much exposure to JPY. If even rising gold can't help these 2 countries, I'm going to sit on my short entry for now.
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