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Currencies Technical Update ( 貨幣之技術分析 )
Below are three charts of the AUD, EUR and USD all of which are sitting at key levels and could break hard either way.
AUD/USD ( 澳幣/美元 )
An inverted head and shoulder’s pattern is currently breaking out bullishly fueled partly by the RBA deciding to leave interest rates unchanged. How this holds overnight and into the coming session will be interesting. What is also interesting is while I type this post the AUD is up .7% (and EUR/AUD down .9%) while equity futures are flat.The fact that these currency cannot put a bid into equity futures is rather interesting to say the least. ( 澳幣/美元是多頭，澳洲利率不變 )
USD (UUP) ( 美元 ETF )
For those new to currencies the USD unlike other currencies is also measured against a basket of currencies as captured by the symbol DXY. Notice the support and resistance levels this currency has traded within. A narrowing wedge in many ways defined by two different chart patterns. ( 我用 UUP 圖講解較佳，目前將延則下降趨勢及下擋支撐小幅振盪 )
EUR/USD ( 歐元/美元 )
I had to pull up a five year weekly chart to show just how vulnerable the EUR is right now. It has tried to find support at the 2005 uptrend but the bounce has been very weak. Not a bullish sign that this trend line will hold. If it fails notice on the chart how little support remains beneath it (points A and B).
The move could be rather breathtaking to say the least. As a reminder recent Commitment of Trader data would value the EUR at 1.20. ( 我使用週線分析歐元，仍屬弱勢往歐元/美元 1.2 趨近 )
影響黃金市場之因素 ( The Inference Factors of Gold Trend In 2012 )
Gold production cost will increase a lot after 3 years, this is another major inference factor to gold.