AUD unknown

Hiya Rawk, for what it is worth mate, I am betting on a US...

  1. 4,960 Posts.
    Hiya Rawk, for what it is worth mate, I am betting on a US dollar rise, primarily playing on the USDJPY pair, however, personally on this currency and opposite pairs I am seeing enough basing patterns/topping patterns in favour of the USD to think that upside is the go.

    Topping patterns EURUSD AUDUSD

    Bottoming patterns USDJPY USDCHF

    Now of course, this is based on interpretations of congestion after fairly long term trends... and I am saying that the congestion is a sign of exhaustion of the dominant Trends here, though could well be wrong.

    My money though is on an incresing strength of the USD relative to major currencies.

    ;)
 
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