Australian Dollar Plunges-Nears January Low
Prepared by Jamie Saettele
The long awaited break may be underway in the AUDUSD. A drop under 9803 would shift focus to the December 2010 low (9537) and 200 day average. Short term resistance comes in at 9925 and 9970. I continue to favor short positions, but risk can be moved to 10160.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.