Not sure if this will prove to be of any use or not, however its an overlay of the AUD in green and the XJO in red. Using closing price I put some fibs on the 08 high to 09 low and then applied rob's repeating range theory, although ranges are the 3 recent ones from the AUD, as it seems the XJO has basically followed it in recent history.
There is chatter the AUD needs to test 94c so if we apply the smallest range to the AUD it gives us the retest of just above that mark, so you can see where that same range takes the XJO, 4420. Likewise if the bigger ones are to repeat it might give some possible targets? Might being the operative word though.
And although not shown on the chart if we continue up and repeat the range from the July 09 low to the Oct 09 high it gives targets of about $1.05 AUD and 5500 XJO, maybe that is the xmas rally if not before?
