AUD USD Kiss of death.
AUDUSD makes the breakdown to .7850 and rallies to test the expanding range pattern.
This is often the “kiss of death” as the last of the bottom pickers are stopped out.
A strong and swift move often results from this type of price action.
Primary Trend is down. Daily trend is down.
Next price level .7500 cents
Comments from the 23/01/2015
The AUD USD has broken first significant support at .80c.
With the recent volatility around the SNB decision that saw a rally back to 83, failure has been swift
inside this expanding range pattern.
Expect a short cover rally here followed by a break down out of this pattern that will be swift and decisive, to 78c.