The 0.7000 level eyed
The AUDUSD continues to move lower after the much weaker than expected CPI data released earleir today.
The low just reache 0.7019. The March low comes in at 0.70027 level (call it 0.7000). If you discount the "flash crash" from January, the low for the year comes in at 0.6981.
Risk for shorts I have pegged at the 0.70488-55 area. That is home to a number of swing levels. Stay below, keeps the sellers firmly in control.
