I'm quite puzzled with the lack of downward pressure in this cross. All evidence of a bigger decline is clearly there, but I'm pretty confident, that it's just a question of time before we will see AUD turn down big time.From an Elliott wave perspective I regards the rally from late 2008 as a second zig-zag correction, which found its top at 110.80 (see the chart below) and I'm now looking for a decline towards the long term support line, which currently is located near 64.75.
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