Market undecided. 50% pull back from the lows to the high of...

  1. 845 Posts.
    Market undecided. 50% pull back from the lows to the high of late.

    I have been a bull in of late since the uprise from 60; but if prices cannot hold above 65 tonight, then the trend is looking down. It all hampers on from the US lead tonight, whether they are in the midst of a fifth wave down themselves. If they can hold positive territory then that will translate to the AUD. However it has been discussed they need to test the 8000 level before any major medium term support. So with that in mind we might be seeing a test of 65.

    So it really is make or break for the lil' aussie... (good time to scalp above and below the 66 level as the Bulls and Bears tussle for control... though careful if you do, coming into the US open.. Best probability is to wait for the confirmation ( not that that has kept me from picking up some nice swings through today :0)

    Good luck..
 
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