Set for a rise

  1. 5,447 Posts.
    From the charts it looks like the $AU is completing an inverse head and shoulders pattern.This pattern has two heads and has been mutilated by Sept.11 but is now completing the right shoulder.This ties in with the CRB index bottoming and may have a little to do with AMP woes.I'm sure AMP was probably on track until Sept 11 and will come good when the currencies straighten out.The $AU is undervalued compared to the UK pound and likewise our resources will lift our market and currency.
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