I have been very with many of the Aussie pairs on both a fundamental and technical level for some time, so it is no surprise that the AUD/USD has taken a skydive since July 2014.
Although I don't trade the monthly chart I am cognizant of the approach and then the break and close below the .
As price has now broke and closed below .7532 I am looking at the first between .6982 and .6772.
If price can respect this I will then be looking to narrow down an entry point on the lower time frames.
I will be looking to update this post in the coming weeks as price enters this first key .
Have a good week in the markets.
Now we have a break and retest of the historical trendline support and i expect a long term retest of support 2 at .06323
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