• 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.