DislikedWow, I posted this last night, drew my long term trend line from Nov 08 lows until now, and the line passes right at about .976.
I have my trade locked in for profit, but I didn't expect to be soo spot on, it hit .976 and boom, instant demand comes in and drives it up 50 pips in 5 minutes! That's a lot of demand... Does anyone know what 50 pips translates into in Aussie or USD domination buying power? 10 billion?
ANyway, this could merely be a bounce in the long run. Or it could be major support, and a continuation of the 2 year trend, at this...Ignored
You can remain irrational longer than you can remain solvent.