Monday, March 23, 2009

Another negative divergence

The other day I felt that the Ozzie was showing a negative divergence. So what happens...the pair went up to the 70 cent area, first time since the end of the year. The Ozzie (which is a risk currency) is still trading there.

I couldn't believe I was wrong! Then I went to take another look and I found another negative divergence.

I guess I just haven't had enough!..Anyway, the market is bound to take some profits soon, and when that happens, the Ozz will travel with it...(and the Greenback will probably go the opposite way.)


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