The AUDUSD has been dropping since april 2013, from its high of 1.0582. It got as low as 0.8847, then we saw a sharp retracement to the 0.9529 area. I do not believe the major down trend is over, i expect the AUDUSD to continue its drop within the coming weeks.
we can already see some weakness in the one hour charts with the pair below the 200EMA.
And with the USD talks about taking QE off the table, i think that the rumor of such a move is enough to keep the AUD under alot of pressure. Its stil…
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