AUD/USD smacks through 0.9000 after US GDP

Knocked down to 0.8943.

Now that elephant is out of the room we could see a concerted push down. Look to 0.90 to become resistance in the short term.

We have minor support at 0.8932 then the next big tech level down below is the 100 mma at 0.8845. Below that is the 50.0 fib from Oct 2008 to July 2011 lo/hi at 0.8544.

audusdmonthly 31 07 2013

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