AUD Short

٢٠ يناير ٢٠١٦

We appear to be at the top the red trendline and I believe we will now see a move back to the 0.6823 level. On the daily chart the 10MA is acting as resistance which has been touched last couple of days. Price broke through the September low and is now back to that level, I think we could now potentially see a new low in the mist.
Initial target 0.68, stop loss just above the red trendline.