Monday, October 4, 2010

The AUD is becoming extremely overbought. (update 3) - RBA leaves rate @ 4.50%


A capitulation sell is on the way (watch 50MA if it's knocked out) . As longs are cut. A mini 'flash crash' has occurred on GMT hedge fund trading. AUD is risk sensitive with markets in end yr 2010 sell mode, further large falls should be factored in.

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