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AUDUSD continues to move lower - MIG Bank

From www1.migbank.com

AUD/USD continues to move lower. It is now approaching a support area given by 1.0219 (38.2% retracement from the rise from 0.9582 to 1.0613) and 1.0177 (25/07/2012 low). • We expect significant weakness in AUD/USD after the successful test of the long-term downtrend at 1.0613 and the sell signal given by short-term oscillators (suggesting a negative momentum). (full story)

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