The AUD/USD continues to fall precipitously. It is now testing the support pivot established in December 2011, after which them pair pushed to parity, and eventually developed a bull run all the way up to 1.0850. It is being tested again with very heavy price action. There is a CLEAR difference between the momentum of the December test of this level and the current one: The December one came with the RSI testing 40 after failing to push above 60. This suggests that the bearish momentum was still maintained, but had not re-emerged yet, reflected by the fact that the RSI was still above 40. THIS time around, the RSI ... (full story)