Ahh contraire,..Dollar on the up and up from here. 70cents is...

Ahh contraire,..

Dollar on the up and up from here. 70cents is the true test.

Having said that, It will more likely retrace the first impulse to around 65 which will make it the end of wave two, of the bigger upward trend.

Another bullish sentiment; as I have just been writing is a fake out tweezer, which is some big boys playing funny buggers clearing out the stops (from around 06664 to 06620 in the space of a second). Watch them run and have some fun.

Could be an accumulation for the opening bull run, which will find some resistance around 06750

Retrace then to around 65 which will be wave two of a larger move up, that is if it does peak out at 67.50... then on and up for the third wave of the bigger trend to meet the match up at 70.

Given the US and oz are about to have a nice little run into xmas it would seem(and on to April after that IMO), this will lift all boats, including the $

Medium term, next 4 months it is on the up. 78-80 as the target.

Once through 70 then on we go, albeit zig zagged.

Good time to be on the long. Start small, look for a retrace and pyramid your position.... if you want :0)

Obviously, this is IMO..etc. Cheers all, thanks for your input and good luck !!

ps. This thread has been a bit quiet of late... feel free to input... and no need to say ahh that was wrong, when you have the benefit of hindsight, as it don't take too much to write that :0)