We’ve had more episodes at 0.9400 than Dallas and we could have yet another failure on the cards.
We’ve just knocked below it but only by 4 pips but it’s looking like more upside disappointment for the bulls.
Since the beginning of the month the 100 h4 ma has acted as good support and at 0.9380 is worth watching.
AUD/USD h4 chart 30 06 2014
Further down we have the 200 h4ma coinciding with the 55 dma at 0.9329/33.
While we remain below 0.9450 the risk of a bigger fall looms larger.
