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AUDUSD breaks below 1.0225 previous low

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by , 05-06-2012 at 09:50 PM (383 Views)
AUDUSD breaks below 1.0225 previous low support and reaches as low as 1.0110, suggesting that the downtrend from 1.0855 (Feb 29 high) has resumed. Further decline could be expected after a minor consolidation, and next target would be at 1.0000 area. Resistance is at 1.0200, as long as this level holds, the downtrend from 1.0474 will continue.



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