Sunday, August 4, 2013

The AUSSIE 'miracle' goes 'mirage' on us?

AUDUSD Monthly Chart @ Close August 2 2013
Should the simplistic 89ct target (*) 'fail' to garner a reaction; the 'gates to hell' will be opened as the 'box tickers' erase their holdings of the AAA Safe Haven G20 'darling' Sovereign Debt that now appears to be a fully 'qualified' Commodity Class Currency (CCC) & finally fulfill it's destiny....@ 0.35cts longer term?
Beyond 89cts; the 0.8000 level remains Major Support @ 38%/ 50% of the large legs up from 0.60 & 0.4850 respectively.
(*1.1080 begot 0.9380/ 1.0600 Triangle Apex begets 0.8900)