Mrs Bear,
I'm not sure if you're interpretations are for AUD/USD or the US Dollar index as one is essentially the inverse of the other but when I look at a very long term AUD/USD chart I see a very accurate 38 % retracement bottoming at 0.87.... If it does happen to be a very long term bull market then it presumably means that the AUD is heading WAY up or the USD is heading WAY down, or perhaps both.
robin hood - tuesday, page-23
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Last
8,256.4 |
Change
-38.700(0.47%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,295.1 | 8,295.1 | 8,246.7 |
| XJO (ASX) Chart |