It’s been a slow slide down through 1.0500 to lows of 1.0478 (also daily cloud top)with some stops reportedly tripped just below 1.0500. Talk of more sell stops now on a break of 1.0465 (55 day MA 1.0466), but main tech support rests below at the 100 day MA (1.0418) and trendline support from October coming in around 1.0410/15.
EUR/AUD’s largely responsible for the fall with a break back up through 1.2700 to a week’s high of 1.2718
AUD’s currently trading around 1.0485 with the cross at 1.2712
