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!.
We are financial market enthusiasts using methods expressed by the Gann, Hurst
and Wyckoff with a few of our own proprietary tools. Readtheticker.com 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. Readtheticker.com (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'. Readtheticker.com members may have a position in any company or security
mentioned herein.