A sustained move to the downside
will most likely see the pair head lower and with a move below .7400 figure
target the Aussie offers around .7361, a level created by the 23.6 Fib of the
.7798-.7236 USD rally. A further move on the part of the US dollar longs will
most likely see the pair extend its decline below .7321, a level defended by
the November 24 daily low. Indicators are supporting Australian dollar longs
with both positive momentum indicator and positive MACD above the zero line, while
overbought Stochastic gives greenback longs a chance to retaliate.