Hey Heavyweight..how goes it!So sorry bout that on the A/U thing...the daily 61.8 is a tough nut to crack so all is not losst yet....I intend to give it plenty of chances to cross above and hold but will be looking to short in the near future.It is very likely to pull back some on profit taking then make at least one more attempt at the 61.8 followed by some consolidation.If it reverses from there it should eventually move back to 38.2 on daily fib...somewhere in the neiborhood of .7040.These things I am saying is simply normal price action.Fundamentals are improving on A/U and N/U both ..NZ had a nice improvement on unemployment rate and if milk prices gain traction both A/U and N/U could see further gains..but these things dont happen overnight usually.Keep an eye on EUR/AUD to get a feel for what A/U is likely to do next BTW
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