Monthly chart:
As most major pairs, Aussie accelerated its decline in the first month of the year. After a bit of consolidation it convincingly broke below 0.80 level and 50.0% retracement of the 2001 to 2011 uptrend. In the following four months it traded mostly between 0.7550 and 0.7950, but broke higher in the end of April. The breakout proved to be fake as the pair returned back to the range in May and then broke in the opposite direction in July.
Weekly chart:
Demand at 0.75 (level touted …
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