Australian Dollar Could Fall Like a Rock.Summary: This is an update to yesterday's AUDUSD triangle trade idea. Risk can be minimized to .8865. The target is below .8591 (new low). This is an update to yesterday's AUDUSD triangle trade idea. Risk can be minimized to .8865. The target is below .8591 (new low). The sideways trading that has taken place for the last few days is most likely a 4th wave triangle (similar to the GBPUSD GBPUSD British Pound Sterling to United States Dollar (foreign currency Eexchange) pattern) that will lead to a terminal thrust from the 5th wave that ends below .8590. The January low at .8512 is potential support. This is a close up of the triangle. The drop should accelerate. View a longer term perspective on another USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. pair. Jamie Saettele writes Forex Forex See: Foreign exchange Technicals: The Day Ahead, Monday-Thursday (published at 6 pm EST EST electroshock therapy. EST abbr. electroshock therapy ), Daily Technicals every weekday morning (9 am EST), COT analysis (published Monday mornings), and analysis of currency crosses throughout the week. He is also the author of Sentiment in the Forex Market. Contact at jsaettele@dailyfx.com A[umlaut umlaut (  m`lout) [Ger.,=transformed sound], in inflection, variation of vowels of the type of English man to men. ] 2008 Al Bawaba (Albawaba.com)
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