Wednesday, August 4, 2010

AUD: Our favorite currency...



To sell...

Not yet though. Mega banks bought the AUD at the end of July (30th 31st 2010) refer to longs (volume) on the smaller chart, ever since there has been a sustained and supported rally from Japanese retail traders.

Extremely topped out, but with supported largish volume and a tight buy/sell AUD could hit 0.923.

Sell points thereafter with the capitulation sell point/s at 0.89/0.90

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