AUD/USD Technical Analysis

AUD/USD is under pressure in its range, the intraday Elliott counts are neutral to negative and we suspect that we are now less likely to see a recovery to the.9505 July high and .9523 Fibonacci retracement.

Staying below .9330 will trigger losses to the .9203/.9194 May low and 200 day ma. We also find the 55 week ma in this vicinity at .9188 and the 32.8% retracement at .9195. These represent major break down points short term.

 

 

 

 

 

 

 

 

 

 

 

CB