aussie dollar breaks out

  1. 2,154 Posts.
    Traded and consolidated around strong resistance for six weeks at 0.595, and last night it broke through with frenzied buying and traded as high as 0.597 for the first time since June 2000. The AUD/JPY is looking as though it is primed to break out also.
    The AUD against the US paper 'kill the trees' currency, created a bullish engulfing pattern whilst the US Dollar Index closes above 100.00 pts for the first time this week.
    The US Dollar is seriously looking as though it needs friends to manipulate and ridicule, please buy your US Dollar Index longs to show your support for the paper currency or the tree and environmental killers as I like to call them.
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