Here is a possible count on the AUD/USD. I remain bullish on the USD and do not expect the Aussie (or any other currency for that matter) to make a new high against the USD. For the latest COT data from DailyFX click here. I think there will be considerable resistance at around 0.93 and think a short at around that area with a stop just about the recent high at 0.9329 is a small risk to take for considerable possible gains.
Monday, November 9, 2009
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