Show Pony For The Risk On Trade Is The Aussie Dollar, Is It About To Crack

By: readtheticker | Thu, Jun 23, 2011
Print Email
Show Pony

The Aussie dollar has been the show pony for the risk on trade. Ben Bernanke endorsed the risk off trade today, yip that's right, he speaks stocks sell off and the dollar rallies. Who would have thought! All the Aussie dollar longs will be a tad nervous to say the least.

The Aussie dollar (FXA Etf) has been expecting to top out in mid 2011. It maybe here this week! The perma $AUD bulls may (but very unlikely) keep it up for a while yet, but we are hoping to sell it on a break out south. The boomerang is coming back.

Australian Dollar

Here is a chart showing the cycle top expected in 2011. Just like clock work (created at 04/2011).

Australian Dollar




Author: readtheticker


We are financial market enthusiasts using methods expressed by the Gann, Hurst and Wyckoff with a few of our own proprietary tools. provides online stock and index charts with commentary. We are not brokers, bankers, financial planners, hedge fund traders or investment advisors, we are private investors.

LEGAL DISCLAIMER: The material is presented for educational purposes only and may contain errors or omissions and are subject to change without notice. (or 'RTT') members and or associates are NOT responsible for any actions you may take on any comments, advice,annotations or advertisement presented in this content. This material is not presented to be a recommendation to buy or sell any financial instrument (including but not limited to stocks, forex, options, bonds or futures, on any exchange in the world) or as 'investment advice'. members may have a position in any company or security mentioned herein.

Copyright © 2011-2017

All Images, XHTML Renderings, and Source Code Copyright ©