with risk aversion being present at the markets, and recent bounce in many of the pairs should serve as another opportunity to sell risk/commodities currencies. Australian dollar reached the highs of 74.65 and it is showing the signs that is running out of steam(out of buyers), relief rally in Europe is not showing willingness to go any higher after only 2% gains on average (FTSE,DAX,CAC), and Greece not bouncing at all (dead cat, for now). Resistance points are 21.6% fib. retracements (87.96 - 71.88) and 75.50 as the top of the Chanel, should serve as points of resistance and stops should start above them in case of bigger rebound and targets should start at 73.00 and bellow.
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