FX:AUDUSD   Australian Dollar/U.S. Dollar
120 0 1
We can either See AUDUSD             head to .9445 or .913 for a healthy correction. We have conflicting signals here because the CHIKOU span broke out of the KUMO cloud and we are poised for a change in trend. The reason I believe a correction is necessary has to due with the recent decline in GOLD             . Gold             has fallen dramatically in the past couple of days which leads me to believe that the AUDUSD             is late to correct the correlation broke down between AUDUSD/ XAUUSD             .

This is why I believe that the in the short term we will have a correction to .9135 which will result in a bounce off of the TENKEN SEN. For possibly a rally to .9445.

This is a tricky situation lets see how things pan out with the news.

Good luck trading.
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