Comparative Charts on NZD,AUD,CHF & JPY.avi

Week ending the 29th of January 2010:

With the Aussie Dollar, there was already a technical warning that signaled a probable price reversal. There will always be significant price signals mostly on a technical basis before an actual trend reversal could happen. And the Aussie and Kiwi are just two of the major pairs that showed this price behavior and a price reversal was setting up since the past few weeks as it was trailing its prices higher to 0.9328 dated the 14th of January and comparing it to 0.9332 high last Nov 2009.

Of course, its easy to say after the fact; however, a significant speculative trade was implemented when it broke the previous support as indicated in the daily chart of the AUD/USD and the New Zealand Dollar respectedly including the CHF and the JPY as presented in this video.

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