Tuesday, 4 May 2010

Long AUDEUR @ 7015

I noticed that the aussie did not fall as much as I thought it might and that even as I said before go on to make new highs.
With my other theory of once the %K indicator crosses into the >75 region with RSI lagging is a time to go long I have gone long here. Also I note that of all the central banks Australia is the only one putting it's rates up, 4.50% currently.
As it happens hourly and daily indicators are very similar

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