A Blog of Commentary and Ideas from an FXstreet Premium Member by 
Hi All !
Well…the Battle for my Aussie PacRim Pair is not going as well as I had planned…
I have decided to take the matter to Litigation…but honestly my chances look rather poor.
Of course…what did I expect?
The Cabinet Members compromising the Hall of Justice are all retired Stock Traders anyway!
( OK all of you Equity Traders!…I still get a blindfold and cigarette before the Firing Squad, right?…)
Now…back to our Aussie (PacRim) Dollar!
We have seen some risk appetite creeping back into view here…hence our Kiwi and our Aussie have appreciated the last couple of sessions…”testing the waters”, if you will.
On our Hourly, we have our “Correlation bounce” in the Aussie with Gold also appreciating and providing a boost today.
(Gold rallied to its’ highest level in two weeks up to an $808.80 High today. As of this writing…we are around the $800 Handle.)
Here is yesterday’s View.
Now…here is a “dynamic” view…with our “static” support and resistance areas.
Not too much to add here…despite our appreciation in Price…we still are working in the Range, so our Support and Resistance areas along with Fib confluences can provide opportunities for “both sides of the fence”.
Do I see this rally having sustained effort and resiliency?
I do not.
As I mentioned a couple weeks back on our Gold and Oil Posts…I am deeply long-term Bullish on the Aussie… and for that matter, the Commodities Sectors as well.
However in the near-term I am Bearish.
As we have seen…the Depreciation simply will not evaporate anytime soon!
Now…if I am not back tomorrow…call the authorities.
Something tells me those Stock Traders will not let me out alive!
Hmmm…maybe my Aussie PacRim pair is not sounding so good now…hee hee 