How far will AUD/USD go down?

please who can guess how much more aus/usd will go down more?

Go Long @ 0.99584

Scoobs

Caught long or something?

http://i.imgur.com/JtZnO.png

It could keep going til one of these zones of support. Parity looks interesting.

But it also could do anything it wants, including go down more.

After all, I've just painted a few support lines based on what price did in the past. There's no reason why price has to respect these levels in the future.

Even if the next 10 people all give you the same number as their "guess" of where the bottom is, that doesn't make your trade any more valid.

(In other words, don't let people's 'guesses' affect your trading decision. The market could do anything, they have no better idea of what will ultimately happen than you do.)

A lot of retailers went long @ 1.0200 with their sell stops all the way down to ~ 1.0050 which accelerated the downside.

Buyers waiting @ 1.0000(parity) Retail shorts have been entering and placing buy stops up to 1.0100 so expect a range here until a side is chosen. Things haven't been looking too good from Australia lately.

Idk how much farther it'll go. Guessing 1.00 for short term. Don't see it going higher than 1.02 though and if it does soon, its a sell.

http://i48.tinypic.com/2pskrnm.jpg