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Today's Market Talk
 


Wednesday, March 17th, 2010

The AUDUSD is now trading above the forecast .9200 level and we are alert for topping signals to activate short positions with 9280 as maximum upside.

One tell that is beginning to show it's hand, is downward momentum in USDCAD is waning in comparison to AUDUSD strength, which makes sense into the final stages of this move.

USDCAD should give bottoming signals first compared to AUDUSD topping action because the leader USDCAD will lead in the reverse direction.

 

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