- AUDUSD continues downtrend and moves down another leg creating a new potential resistance region.
- Look for price to Not get back up to .98382 for at least several days.
- Next support area is likely .9581 which is the May 26th 2012 low.
- Even though in a strong down trend be careful with shorts, no shorts inside previous days bottom wicks until price closes below. Ideal shorting area, if price gets back to it would be a .618 of mot recent 4 hour down leg.
- NO longs until a lower high has been set and taken out.