Simple's Green Room

[pennies2007]

Yep Boca, AU is in for some major tankage from what I can see. That overall large contracting triangle on the daily is playing out nicely. I expect AU to fall apart starting next week. We'll see it move back up close to the highs again...1.05 or a bit above. But I think that's gonna be it.

There's also still a gap on the charts below 1.04 that hasn't filled yet. It's not on the MT4 chart but it's there in black and white on Oanda.