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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (17401)	12/3/2015 10:47:50 PM
From: John Pitera	2 Recommendations Recommended By mary-ally-smith The Ox Respond to of 33421

Glimmers of a potential Bull market for currencies such as the AUD.... over the past couple of months the AUD appears as if it may under accumulation. Australia and New Zealand are two countries that have positive interest rate differentials to the US, Euroland and Japan. Additional positive steps for the currency will be a breakout of the blue ascending triangle it's in and then an ability to close above the 200 dma... I am getting the impression that a move back toward the .82 area is likely over the next 2 to 3 quarters. on this 5 year daily chart we can see how much the AUD has come down since being up in the 110 area back in 2011 at the peak of the Gold cycle.