AUD/USD: broken through key 0.8000 level
Forex4you | Jan 23, 2015 08:42AM ET
The aussie has finally broken out of the sideways range it was in and broken below key support at both 0.8000, which has psychological significance and is a round-number - and the S1 monthly pivot at 0.7985.
Following these breaks the pair has continued down to lows of 0.7880.The dominant down-trend will probably continue lower. There is support at 0.7808 from the S2 monthly pivot. A break below the 0.7880 day's lows would probably confirm another leg down to S2 at 0.7808.
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