Here is an interesting overlay of the AUDUSD over the past year+ versus the EURUSD in 2009/2011.
Overlays, always should be handled carefully, firstly because there is the possiblity that they are merely co-incidental, and secondly even where they do follow similar paths, the tmeptation to take them down to the micro-level, which nearly always ends in failure.
What is interesting about this overlay however, is how it accords with the '3 Peaks' pattern outlined in my previous post. - Note, the EURUSD was not part of a 3 peaks pattern, so I am purely focusing on the second half of the 3 peaks pattern here for the AUDUSD compared to a different bigger picture move for the EURUSD,
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