tomasz.goljan
Short

AUD/USD Downside scenario

FX:AUDUSD   Australian Dollar/U.S. Dollar
40 0 1
Aussie came under the pressuer yesterday after the civil jet plane was shoot down at the Ukraine teritory, the bigger fundamental picture shows that RBA might not be comfortable with the current exchange rate and we might see more verbal interventions towards lowering their domestic currency strenght. On the other hand there is an hude chance that Dolar will get some love from inwestors sooner then later on better inflation and employement data and that migt stop the "carry trade" flow on Aussie. From the technical point of view price rejection from 0,944 and 0,95 levels suggest that we might see another leg down towards 0,922 critical support before this pair will decide it's final direction. Smaller time frames shows that we are capped beetween 0,933 and 0,94 levels which might alow to play that range with more favour to the downside entires around 0,938-0,94 levels.
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