AUD/USD
Aussie slightly oversold in the short term...so we may well see a small bounce early in the session. However..med term technical indicators have turned negative and therefore we look for any bounce to be sold into.
1.0790/95 remains at present good resistance and we would view any challenge on this area as a place to re-sell. We would keep stops then above 1.0840.
1.0650 is looking the area where we should start to see a little profit taking. However as stated the med term charts have turned negative and therefore we would still advocate wither selling into strength or selling a break below 1.0650. We lose this support and 1.0580 which is the first med term fib level will be the place where sellers would drive us down to.
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