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BKSWING – New AUD Orders for 04.22.14
**We are currently long GBP/JPY
The Australian dollar is in play tomorrow with first quarter CPI numbers and Chinese manufacturing data scheduled for release. We think the odds favor a stronger report because of higher consumer inflation expectations however with EZ PMIs also due for release, we are laying out a long EUR/AUD order to take advantage of the outsized risk of stronger EZ PMIs and weaker AU CPI.
Place the following NEW orders
1. Buy EUR/AUD at 1.4862
Close 1/2 at 1.4902 move stop to breakeven
Close rest 1.4962
2. Buy AUD/NZD at 1.0965
Close 1/2 at 1.0995 move stop to breakeven
Close rest 1.1085
3. Buy AUD/CAD at 1.0365
Close 1/2 at 1.0395 move stop to breakeven
Close rest 1.0485
We still have the following pending orders on:
4.Sell AUD/JPY 94.72
Cover 1/2 at 94.42 move stop to breakeven
Cover rest 93.00
5.Sell EUR/AUD 1.4645
Cover 1/2 at 1.4605 move stop to breakeven
Cover rest 1.4545
**If more than 2 sets of orders trigger, cancel the rest.