Risk On Traders Just Can't Take Their Eyes Off The Aussie Dollar

By: readtheticker | Sat, Jan 28, 2012
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Risk on Traders Just Can't Take Their Eyes Off the Aussie Dollar

We think the Aussie dollar (ETF FXA) is back up to levels that will attract sellers. It is due for another punch down. The risk on traders can't stop looking at this chart.

There is maybe one more week of good news to wash out for the bulls, and after next weeks employment report, expect bearish news reports about Greece defaults looming in March. The bulls will cash in easy won pumped up on low volume profits. Keep and eye on the curves of the Aussie dollar, don't look for any intelligent reason for its movements. Watch the curves, the cycles are working!.

Previous post: Australian dollar back for more punishment

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readtheticker

Author: readtheticker

readtheticker
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TRUE MONEY SUPPLY

Source: The Contrarian Take http://blogs.forbes.com/michaelpollaro/
austrian-money-supply/