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AUD/USD in stages of a renewed downtrend

Tuesday, March 10, 2015 3:32 AM UTC

Lower hourly highs & lows all day in Asia- off 60+ pts on USD strength
Local stocks lower with risk - AXJ -0.66%, despite rise on Wall Street
5, 10 & 20 dma's crest - 20 day Bollinger's expand - momentum studies fall
Early days but a trending setup targets 0.7627 2015 low
Initial support/resistance are 0.7644 Feb 12th low & earlier 0.7707 high

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AUD/USD in stages of a renewed downtrend

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