The floodgates have opened as the Aussie makes a break from range. In a few hours we’ve fallen 85 odd pips from 0.9200 with all the support I highlighted yesterday being carved through.
AUD/USD Daily chart 10 09 2014
As I warned yesterday, breaks can be hard and fast and if you don’t get in quick when they happen, you can be left to watch the move from the sidelines. Despite the fall so far, a real confirmation will come if we test the 0.9160/80 and 0.9200 levels and hold them. If you missed it then look for a test of those levels to scale in shorts with a stop fairly tight above 0.9220/25
