Parity already being tested this early in week, the way equity and commodities are headed, under its likely to go.
Oscillating around Jul11-Oct11 trend recent few days, now acting as resistance, with a slightly adjusted trendline from Jul11 high moving down thru 2nd high Oct11 and a breakout pt in mid Jan near 61.8% level acting as a temp support.
Secondary Fib grid fitted since March high has 98.4 as target, but also likely in MTerm to reach gap near 2011's 23.6% level.
Big move for Gold falling thru 3½ yr trend, add to downward A/U.
Brent testing GFC rally support on weekly at ~111.5, Texas edging under 200dma at 96, support down at 90 a chance.
Spx under support on weekly ~1370, unlikely to test underside early in week as Vix and Put:Call ratios suggest selling first at this stage.
AUD Price at posting:
0.0¢ Sentiment: ST Sell Disclosure: Not Held
