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The charts and comments in my Blog (posted in Eastern Time) represent my technical analysis and observations of a variety of markets...
*World Indices *U.S. Indices *Futures *U.S. Equities & Sectors *ETFs *Commodities *Forex
...an expanded version of the "Observations" section in my private Daily Trading Journal.

Saturday, May 5, 2012

AUD/USD and its Pink Diamond Pattern


This break below the 61.8% Fibonacci fan line on Friday (and the hold below the earlier break below the pink diamond pattern) is worth keeping an eye on on the AUD/USD forex pair...major resistance is at 1.0365 on this Daily chart below...the next MAJOR support is at 0.938.