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Strategies & Market Trends : Bonds, Currencies, Commodities and Index Futures

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To: verdad who wrote (2780)	3/17/2003 3:40:42 PM
From: Chip McVickar	Read Replies (1) of 12411

verdad, Aussie dollar is a curious bird, if you believe it's tied to the fate of Gold and commodities then that explains the long term appreciation. So..., how do you determine if it's ripe for intervention....? From these next charts, they'd suggest the decline may already have begun....? Daily chart has reached a natural extension of 1.618 and responded to a Gann 25% line. It is at present testing an internal trading line.... having broken it suggests further weakness. stockcharts.com[h,a]dahannay[dd][pf][J11003364,Y]&listNum=8 Monthly chart has extended beyond the Fib 0.618 and responded to the Gann 75% line... also reaching a Andrew's Pitchfork Median Line. These are very natural targets for any move. They would suggest atleast a pull back is in order. A failure of this read would be a break above the Gann 75 line and a move to the forks upper tine at 75.00± stockcharts.com[h,a]maoannay[d19960717,20030317][pf][iLb5!Lb14!Ld20][J11003464,Y]&pref=G Please remember these shared charts are for the sharing interests and I'm not advocating a trading position of any kind. Chip

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