Aussie respected the s/t mvg avg resistance at 0.7447 on Friday and made a firm drop to signal that the last leg of the corrective decline from 0.7792 was underway.Expect a drop into the 0.7300/40 region over the next day or two; intermediate rises are now limited to 0.7410.A failure to hold below 0.7345 will be the first sign that the decline is over and a break of 0.7450 will confirm it.Only a strong drop through 0.7300 will suggest that 0.7235 will be test.
Kiwi fell strongly from a 0.6250 high where it respected mvg avg resistance.Expect a drop to 0.6110 over the next day or two.I cannot rule out a return to 0.5990.
Dollar/Canada voided further downward action on Friday and rose strongly to 1.1250 to trigger a new phase up to test the mvg avg resistance at 1.1310.
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