Sunday, August 11, 2013

AUSSIE Dollar now in 'retracement' mode?

AUDUSD Weekly Chart @ Close Aug. 9 2013
Too much to ask after the 89ct target was finally met that some retracement of losses is now in order?
The 'Bear' camp is now crowded & that nearly always spells time for a move in the other direction; especially so given the US Dollar Index developments?
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