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12 Dec 2014
AUD/USD: Break below 0.8225/45 paves way to 0.81/0.80 - 2ndSkies
FXStreet (Bali) - If 0.8225/45 breaks in AUD/USD, we'll likely see an attack on 8100 and perhaps 8000, notes Chris Capre, Founder at 2ndSkies Forex.
Key Quotes
"On December 9th in our daily market commentary, we talked about the long tailed pin bar at resistance, suggesting those not short can look for pullbacks here to get short."
"Currently price action is consolidating towards the key support level and lows around 8225/45. If this level breaks, then we'll likely see an attack on 8100 and perhaps 8000. If the market bounces from here, it should retest the offers around 8350/60."
Key Quotes
"On December 9th in our daily market commentary, we talked about the long tailed pin bar at resistance, suggesting those not short can look for pullbacks here to get short."
"Currently price action is consolidating towards the key support level and lows around 8225/45. If this level breaks, then we'll likely see an attack on 8100 and perhaps 8000. If the market bounces from here, it should retest the offers around 8350/60."