well, here we are - 3 weeks later and back at the same spot. the piercing V could make for a bear rally still to a lower high, but the profits have disappeared from holding shorts.
AUDUSD daily - pushed back through various resistances
AU has travelled 800 pips, for a net win of only 100 yesterday. Likewise for the UJ and AJ pairs, this volatility is indicative of much more than simply fundamentals.
So the US and the USD is nowhere near where main stream media thinks it is.
Belatedly opened spec longs on AU yesterday morning on test of hourly channels. The flow of funds does not occur this rapidly - this is a speculators market imo.
