Australian Dollar Demonstrates New 'Niagara Falls' Technical Pattern

The pattern below on the 4 hour chart for AUD/JPY might be best described as the Niagara Falls pattern. It arises when lots of fund managers all head for the same exit doors at the same time.

Click to enlarge:

Until last week it seemed that the solution as to what to do with all of the jaw dropping amounts of "liquidity" being created by the world's central banks, was to buy Australian dollars.

Now to quote Borat - not so much.