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Aussie Shifts Lower, Gold Stays Sideways

|Includes: CurrencyShares Australian Dollar Trust ETF (FXA), GLD

The Day to Day Pattern in the AUSDUSD turned lower on the close to shift the majority of patterns in its Risk Tolerance Ratio lower. This pattern shift opens the door for shorter-term traders to start selling intraday rallies.

Risk Tolerance Ratio for AUDUSD 2-6-13
W Primary Up
D Secondary Up
D S-secondary Up
240 Day to Day Down
L-T Micro Down
I-T Micro Down
S-T Micro Down

In commodities gold disappointed by failing to close above 1680 to leave its intermediate-term micro pattern bearish. The Risk Tolerance Ratio for gold still remains bullish with the majority of patterns higher, though the current alignment - each pattern the opposite of the one above it points to continued sideways trade.

Risk Tolerance Ratio for Gold 2-6-13
W Primary Up
W S-primary Down
D Secondary Up
240 Day to Day Down
L-T Micro Up
I-T Micro Down
S-T Micro Up

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Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.