AUD/USD: Continues Lower
Jason Sen | Nov 26, 2013 04:15AM ET
AUD/USD continued lower as expected, and hit our target of 9116. We shot higher from here to our selling opportunity at 9195/99, and topped almost exactly here at 9202. Again today exit longs and try shorts at 9195/9200 with stops above 9210. A break higher could then target 9240/45.
More likely is a move back towards 9175/70, then 9150 ,and possibly as far as 9140/38. We then need to watch the 9116 level as a break lower cannot be ruled out and could target 9072, possibly as far as 9043 later in the week.
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