FX:AUDUSD Australian Dollar/U.S. Dollar
The AUD/USD has broken down recently, completing the triangle formation in the process. At the moment, we're looking at a correction back to recent levels, we're very interested sellers at the point of technical confluence between the previous supportive trend-line (to act now as resistance), the 50%-61.8% retracement level from the recent down move, the 200 to act as resistance, and finally the 50 to act as resistance. Therefore, we're looking to short the pair at around the 0.876 handle, with a stop just above the 61.8% at around 0.8815.