DislikedAh, Daddio, - the classic bottom vs top discussion. The main theme in such discussions is the definition of top and bottom. The same applies to high vs low.
Is AUD low now? Or is it high? Euro has been going down for weeks, while aud has been going up, is Euro too low or high, and is Aud too low or high? Or is it possible that euro is too low while aud is too high? Personally, I would never get too involved in such discussions simply because of the subjective definition of high vs. low.
In regards to 1.06 - it's a very important line...Ignored
I wouldn't think 1.06 is too high. You may look at my chart below. I expect the Aussie to test 1.11xx later. My point was that why not trade within the triangle or range. There are money to make every day and at every level. Have good trading next week.
http://www.forexfactory.com/attachme...1&d=1352525455
daddybearforex. com