Happy Friday to All !

Our Vacation Tour “Down Under” has reached it’s final day with our friends the AUD/USD and NZD/USD currency pairs!

We embark back to the U.S. next week, and head to Washington for dinner with our esteemed friend, Ben Bernanke.

CVJ!…We are not paying for Ben again this time!…I hear the Fan Club say.

I remind them they have been buying billion dollar dinners for Bernanke for months now…but that’s another story!  

The Kiwi has continued it’s bullish appreciation here on the Hourly, with our “symmetrical horizontal” Fractals in play here..as well as our conventional Price Fractals.

What we choose to call multiple Bull and Bear ”baby” Flags…are really just Fractal components of Price.

We are still consolidating within the bullish appreciation of the past couple of days, and if your view is Bullish, a solid breach of the daily 23.6% Fib here would be continuing to carry you on your journey.

If you are Bearish, you have a couple of options here: Wait for the above mentioned short-term break and sell into the rally if 38.2% @ .5860 holds…or wait for the medium-term intraday break here @ the confluence of the 50% Fib at the .6050 area.

 (click once for captures)

The Aussie look literally identical, but we will almost always see more Price deviation and activity…simply due to increased currency Order Flows and fundamental size of the Australian economy itself.

Our diagonal Support and Resistance Channel has been appropriate thus far, and this pair as well is vacationing in “Fractal City”…Flags and Pennants all over the Aussie beach here!

Next week we focus on the FOMC ( Federal Open Market Committee) in the States, and see where we stand with Interest Rates.

Hmmm…something tells me the three CVJ Fan Club guys are going to be spending their pennies on a little more than Dinner next week!