Replies to post #91015 on Simple's Green Room

[pennies2007]

True, no doubt about that. But their good economy didn't save it when it plunged 1700 pips from 1.10 to 0.94 in a bit over two months time last year.

If the markets tank, AU will as well. ;-)

[pennies2007]

Good article. Even the analyst there didn't expect to see it rise above 1.0750 any time soon.

It is a key level. But even a slight overshoot up to the 1.08 level at the four hour top trend line would be acceptable. It wouldn't be able to hold it even if it got there.