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AUD/USD Classical 05.14

AUD/USD Classical 05.14

2010-05-14 05:34:00
Joel Kruger, Technical Strategist
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AUD/USD: The market has fallen apart since failing to clear barriers by 0.9400, with setbacks now accelerating below 0.9000 and 0.8800 to put the focus on a major platform base by the 2010 lows at 0.8580. Look for a lower top now by 0.9080, to be confirmed on a break back below 0.8740 over the coming sessions. Back above 0.9080 delays and exposes 0.9150-0.9200 further up.

 

Written by Joel Kruger, Technical Currency Strategist for DailyFX.com 

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