AUD/USD MT: the downside prevails.
Update on supports and resistances.
Pivot: 1.0225
Our Preference: SHORT position below 1.0225 with 0.9655 & 0.9385 in sight.
Alternative Scenario: Above 1.0225 up move to 1.0735.
Comment: the immediate trend remains down and the momentum is strong.
Trend: ST Ltd Downside; MT Range, we have been bearish since 7 MAR
2012 (1.0560).
Key levels Comment
1.0735** Horizontal resistance
1.0445** Horizontal resistance
1.0225*** MT pivot point
0.998 Last
0.9655*** Horizontal support
0.9385*** Horizontal support
0.9215*** Horizontal support
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