Sunday, May 23, 2010

Downside Target For The Australian Dollar


The Australian Dollar has literally fallen out of bed over the past 3 weeks which makes many people wonder how much lower can this currency go. Well if you look at the above weekly chart of FXA  (Australian Dollar) you will notice a very obvious double top which was confirmed this past week.

If you take the height of the double top pattern and subtract it from 85 which was the low, you will arrive at a downside target of 77.00 for FXA. That is where I expect this currency to go in the weeks to come.

18 comments:

forex trading courses said...

Thanks for the report and the chart.

Andriy said...

Hi!

I'd like to list my blog under your Blogroll section. How can we proceed with this?

fibonachi said...

Your detailed fundamental analysis is amazing.

fibonachi said...

Thank you for the detailed report.

Harry said...

Hi, Nice post! Would you please consider adding a link to my website on your page. Please email me back.

Thanks!

Harry
harry.roger10@gmail.com

Anonymous said...

Today, I went to the beach front with my kids. I found a sea
shell and gave it to my 4 year old daughter and said "You can hear the ocean if you put this to your ear." She placed the shell to her ear and screamed.
There was a hermit crab inside and it pinched her ear.
She never wants to go back! LoL I know this is entirely off topic but I had to tell someone!


my web-site; Jzug.Org

Anonymous said...

I do not know whether it's just me or if perhaps everybody else encountering issues with your site. It appears like some of the text in your posts are running off the screen. Can somebody else please provide feedback and let me know if this is happening to them as well? This could be a issue with my web browser because I've had this happen before.
Kudos

Take a look at my web-site waist to hip ratio

Anonymous said...

Amazing blog! Do you have any suggestions for aspiring writers?

I'm planning to start my own site soon but I'm a little lost on everything.
Would you propose starting with a free platform like Wordpress or go for a paid option?
There are so many choices out there that I'm completely overwhelmed .. Any ideas? Many thanks!

My web site :: healthy diet plan

Anonymous said...

Εvеry wеekenԁ i usеd tо paу a quick visіt
this wеb site, аs i wаnt enϳoyment,
as thіѕ this ѕite cοnatіοns truly good funny data too.



Mу ωebsite forever living products aloe vera

Anonymous said...

Aρprecіаting the dedicаtion you put into your site and detailеd infοrmation
уοu present. It's nice to come across a blog every once in a while that isn't
the same out of dаtе rehashеԁ informatiοn.
Great read! I've saved your site and I'm including your RSS feеds tο mу
Google account.

Мy blοg post - Forever Aloe

Anonymous said...

I was suggеsted this blog by mу cousin.

I'm not sure whether this post is written by him as no one else know such detailed about my problem. You are amazing! Thanks!

Check out my blog :: forever living

Anonymous said...

Thanks designed for sharing such a good opinion, post is fastidious, thats why i have read it completely

Have a look at my homepage forex megadroid setting

Anonymous said...

I just couldn't go away your site before suggesting that I actually loved the standard info a person provide for your guests? Is going to be back continuously in order to check up on new posts

Feel free to visit my weblog forex steam review

Anonymous said...

Hello, i thinκ that і ѕaω you vіsited my blog thuѕ і cаme to “rеturn thе favor”.

Ӏ'm trying to find things to enhance my site!I suppose its ok to use a few of your ideas!!

Here is my blog; isolation porte de garage sectionnelle

Anonymous said...

I'm not sure where you're getting your info, but
good topic. I needs to spend some time learning much more or understanding more.
Thanks for magnificent information I was looking for this info for my mission.


my blog; gagner de l'argent

Anonymous said...

I juѕt could not go aωay your web site before suggestіng that Ι aсtuаlly
еnjoyed the usuаl info a ρerson ѕuρplу
іn yοuг guеsts? Is going tο be baсk cоntinuοuѕly in
oгder to іnspeсt new posts

My web blοg; porte fenetre pvc sur mesure

Anonymous said...

I'll right away clutch your rss feed as I can't to find your e-mail subscription hyperlink or e-newsletter service.
Do you have any? Please let me understand so that I may just subscribe.
Thanks.

My webpage: lame de terrasse composite discount

Anonymous said...

What i don't realize is in fact how you're not really a lot more well-favored than
you may be now. You are so intelligent. You recognize thus significantly with regards to this subject, produced me for my part imagine it from numerous varied angles.
Its like women and men are not fascinated unless it is one thing to
accomplish with Lady gaga! Your own stuffs outstanding.
All the time care for it up!

Here is my blog: Optionsmd review