On Jan 31 2010 we published our opinion on the AUD/USD currency pair. In that analysis we said,
“Although we may get a bounce up to 0.91, I expect this currency to drop to 0.72 (with a pause around 0.8)”
We now consider the bounce, that we predicted to approach 0.91, to be complete. The next inflection/consolidation point should be 0.8. We expect 0.72 sometime after that.
Updated long term chart is
AUD LT
Updated Short Term Chart is
AUD Short Term
