Aussie has continued to drift lower since completing a 5-wave rally and a bearish geometric pattern at .9505. A move back to the .9205 lows would complete a rounded top and that appears to be the path of least resistance as Aussie correct the broad 2014 rally. (daily) From an Elliott perspective, both interpretations suggest lower prices from here. The idea of an A-B-C decline completing the correction was negated with last night’s move to new lows. Support is now the old .9205 zone and resistance is .9292 and then .9330/58. (240min) Conviction: Med Levels: Support – .9259, .9205, .9133 Resistance – .9292, .9330, .9358
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