Aussie Dollar Bull Trend Continues
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CURRIENCIES: 9/21/10 FOMC MEETING. Higher closes yesterday for the Aussie Dollar, Swiss Franc, Japanese Yen and Canadian Dollar while lower for the Euro Fx, British Pound and dollar index. The swiss/euro spreading continued but both continue to be uptrends.The yen closed slightly higher again still unable to muster any kind of a rally since Japan's bank intervention last week. I'm looking for a close above117 basis the December contract to implement a game plan based on my experience that currency intervention almost never works. So please call me if you are interested in my plan of attack to take advantage what history tells me will be a rally back in the yen! Still, the yen was technically hurt by last week's action and needs to hold the 11600 area. The Canadian Dollar made its best high in a week again but held its rally this time. However, it's still in a sideway's pattern that began at the the beginning of May. The pound closed lower this time following through from reversal type action last Friday. However I'm removing my sell signal because the pound is forming a larger possible top at this time.The Aussie Dollar made a new CONTRACT HIGH AND CLOSE continuing to lead the way higher in the currencies. Tthe dollar index settled lower still in a very critical area to hold. BUY SIGNALS FOR THE EURO FX, SWISS FRANC, AUSSIE DOLLAR, AND JAPANESE YEN. SELL SIGNAL FOR THE DOLLAR INDEX. CALL FOR DETAILS!
