Monday, 27 June 2011

AUD/USD Breaks Lower Through Support

I've had a busy busy busy day and evening, only now for the first time since trading began this morning have I had a look at the charts. Got time to post one chart...
The AUD/USD is now trading below the top of the previous trend channel, after testing it from above several times in recent weeks. A move below 1.04 would raise the odds for a test of the lower line of the new down trend channel, around 1.02.