AUD/USD Collapses As Far As Support At 6985/80
Jason Sen | Feb 12, 2016 03:47AM ET
AUD/USD resistance at 7140/45 remains the most important of the day. Above 7150 is more positive and targets trend line resistance at 7180/85. We could stall here initially but above here targets 7215/20.
Failure to beat first resistance at 7140/45 re-targets 7105 then support at 7088/83. A break below 7075 risks a retest of support at 7035. If we continue lower look for 7018/15 before support at 6985/80. A break below here today targets 6960/55 then 6920/15.
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