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Yes, well done Arco, faded in nicely. Thinking top is "in" now at .7463, and in sell rally mode from here.
Greenspan sang on behalf of the fat lady yesterday, and his cunningly sculptured wording re inflation will hammer home the USD advantage over the next little while.
As I said a few days ago somewhere else on this site, once the carry trades start unwinding, it'll be carnage city for the Kiwi. I think a break below .7150 is confirmation enough that the rally has turned earlier than (some) expected.
Would be interested to see your chart updated - must have confirmed your bearish gartley. EUR will be the same I suspect (I have faded shorts in EUR from last week thankfully, but thinking the KIWI shorts will get more bang for your buck, as there will be a lot of cross selling of Kiwi,AUD, etc agst majors as well, not just USD
regards
Xerof
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