AUDUSD is in trouble as it breaks below 0.7500

AUDUSD is taking the support to the cleaners

0.7500 is toast just now and 0.7490 is the last line in the sand for the band of support that was in place from 0.7530.

AUDUSD daily chart

Following my post yesterday, I took longs at 0.7530, 0.7520 & 0.7505. I've got a stop under 0.7490. The phrase "by the skin of my teeth" springs to mind ;-)

Should we hold 0.7490 and move back above 0.7500, and if we test and hold 0.7525 again. I'll look to bail out up there.

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