.7675ish is still a possibility in AUDUSD. Today’s drop held the line off of the 6/15 and 6/30 lows. That line has been an important pivot since early October as resistance and then support. As such, a break below would indicate an important behavior change. So, watch for either AUDUSD to test .7575 (then see what happens) or turn bearish on a break under .7458.
Director of Technical Research at Krilogy, author Sentiment in the Forex Market
Twitter: twitter.com/jamiesaettele
Website: www.krilogy.com/
Twitter: twitter.com/jamiesaettele
Website: www.krilogy.com/