AUDUSD Breakdown Level is .7250

No change to AUDUSD, which still needs to break below the lower parallel from the 3+ month channel in order to confirm a trend change. The lower parallel is still about .7250. As is the case with EURUSD, AUDUSD (futures…not shown here but see scandex.com for that chart) has also been trading around and is currently just below VWAP from the high. This reinforces the idea that if the move is lower, then it’s lower from the current level.