audusddaily

The move higher from the .9700 lows after the Japanese earthquake has been quite impulsive. It has only had one pause, which was from 1.0580 back to 1.0400, before resuming. It looks like we are in for another pause after prices stalled at the psychologically important 1.1000. The depth of this dip will give a good indication of the continuing strength in the uptrend.