The Aussie has rebounded against the Greenback far more than I had anticipated. My previous count may be incorrect and 5 waves down may already be complete at 0.8735. Either way expect the neckline of the Head and Shoulders pattern to provide formidable resistance and offer an excellent shorting opportunity. I will be adding to my short positions from here. Keep stops at 0.92.
Tuesday, December 29, 2009
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