Alternatively, if we see the Australian dollar give up 0.6670 as support, I’ll be interested in shorting the pair for a move to 0.6460 and perhaps 0.6280. Keep an eye on the next two weeks in June, though. As I’ve mentioned with other pairs like NZDUSD and CADJPY, June’s closing price should be telling. But we might not have to wait that long. Any daily and especially weekly close below 0.6670 would be an early warning sign of capitulation. Just be sure you’re using New York close charts (like the charts I use) so that each daily session opens and closes at 5 pm EST. It would also signal that the June rally was, in ... (full story)