aus$/us$ breakout, page-2

  1. 5,382 Posts.
    re: aus$/us$ breakout - maund gets it wrong, maybe G'day
    I just read Maund on gold silver and the dollar

    This chart pattern looks simply like a break down from a rising wedge which is typically returning to retest the previous support. Also see my previous post in this thread re aus$/US$ breakout. How he comes up with this I'm not sure?

    "Asked to come off the fence I would have to admit that I am not sure which way this is going to break, but would say that I believe there is a 70% chance of the dollar breaking higher here. What is clear is that a sharp move, a resolution of this pattern is likely soon, probably this coming week."

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