The fundamental background didn't really change since the last analysis I published on AUD/USD (see:https://www.tradingview.com/v/9AtmZ0ez/) I'm just making an update following the session of today (19/11/14).
Technically the price broke below a key support at 0.8650 as we can see on the daily picture. In lower timeframes this level has been retested a couple of times already to confirm the breakout.
The Andrew's Pitchfork middle median line has not been reached yet but the current price action weakness should help.
Next two key levels to keep under radar are 0.8554 which corresponds to this month low and 0.8381 which is a multi year support last seen in July 2010.
Technically the price broke below a key support at 0.8650 as we can see on the daily picture. In lower timeframes this level has been retested a couple of times already to confirm the breakout.
The Andrew's Pitchfork middle median line has not been reached yet but the current price action weakness should help.
Next two key levels to keep under radar are 0.8554 which corresponds to this month low and 0.8381 which is a multi year support last seen in July 2010.