AUD/USD, Aussie reached the target and retreated back!
Sure that you remember my Aussie analysis from April 28. and my predicted target at 0.8030/70. Well, the pair reached that level yestreday, with high of 0.8075, where sellers have take over the control. The pair ended day in red and sellers continued today is the same bearish mood, pushed the Aussie back all the way to the support at 0.7900, the previous strong resistance from Febuary/March. This level shoul hold the pair on the way down, but if the support breaks, Daily MA100 is waiting at 0.7880, 0.7850 support bellow. Very interesting week for the Aussie and for the traders at this pair.