- The next move in interest rates will be up and this will happen well ahead of others like the US;
- Precious metals look to have put important lows in place;
- With the exception of the NZD amongst the other majors, the AUD looks to be putting a base in place against the GBP, JPY and EUR;
- Technically the AUD/USD is trying to form an inverse H&S;
- Finally all the big players are short and bearish and adding to their short positions and short forecasts, surely a sign that we are headed substantially higher.
I will be building a long position on any dips now towards .8975 and will only exit below .8850.