AUD unknown

euro-oil

  1. yellowgsum
    11,522 Posts.
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    09/07/12
    10:26
    Post #: 10409759

    A/U during the week almost reaching 61.8% retrace of March-May range, to then join Euro sell, and head down towards trend parallel to 2011-12 lows.

    Commodities retreating with the general Euro selloff, after China, UK & Euro interest rate trims, with further downside occuring on weak US econ #s. Weekly charts suggest Oil ST low this week before consolidation.

    Daily A/U chart:

    AUD Price at posting: 0.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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