Here is the Aussie Dollar. Everyone's been talking about the slow down in China. And that will hurt Australia more than anyone. Plus Australia just cut their interest rates. So the hot shot currency types have been talking about AD being the perfect short. If that is so why is price bouncing off the Nov low support 'after' they cut interest rates and China has been admitting to slowing down. Gotta think an overall rally has begun with AD being the poster child for the 'Risk On" trade I would think. Sure doesn't look like the short of the month on this chart. Price has bounced to the falling 20ema and that could stop it in its tracks as that does tends to happen. But the point is the support didn't breakdown with the cut in rates and the 'risk off' mentality lately with everything else. Just something to watch.......................