whilst the POG in both AUD and USD have risen strongly in the last 60 days and in particular this week,,unfortunatley the hot/ levveraged money in the carry trade has been smahed on AUD FX drop,,this drop means some OS instos or investors in this segment are stopped out, hence the selling all day in the face of what would have normally popped this over 40....
Given the market has gone well off the 4820,,most should now be gone near term........pushed into the green despite heavy volume all day
It usually takes a few days for new investors to see the opportunity with AUD cranking.......
Having a go at 1400 tonight it appears,,tomorrow is another day, over 1400 will / should push her higher as the shorts get caught....
XJO also managed to go green despite the poor results of GDP and overnight lead from WAll St,,should be fine
reversal, page-54
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