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COT 04/21

Monday, 21 April 2008 17:18:57 GMT

Written by Jamie Saettele, Technical Currency Analyst

Implications: Bullish but forming a top

COT8_4-21

AUD:  The 52 and 13 week COT indexes are at 63 and 83.  The 13 week index was at 100 two weeks ago, which warns of a bullish extreme.  Often times, the uptrend will continue for a few weeks before the reversal in price occurs following an extreme reading.  In other words, watch for a top.

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