The Aud Employment number disappointed in Early Asian trading and risk has taken a hit to the chin.  The AUDUSD has broken below trend line support and could be on its way to parity.  The market moving information flow continues this evening with the release of China's GDP figure.  Futures are pointing towards a lower open.  Here is a quick rundown of what I'm looking at in the majors.


Continues lower.  I would like to sell on any retest of the descending trend line.  Currently at 1.0250.

Sup   1.2150

Res   1.0250


Broke  below last weeks lows at 1.5460.  A hold of this level exposes 1.54.

Sup              1.54

Res               1.5460              1.5575


Missed on jobs.  Broke trend line support.  settled at first support at 1.040 until drifting lower when New York traders entered the game.

Sup            1.00

Res             1.0104


Followed the AUD lower.  Broke key support at .7925.  Looking to consolidate.

Sup   .7840

Res   .7925


Testing topside resistance at 1.0230 at the US open.  A break of this level exposes resistance at 1.0350.

Sup       1.01

Res      1.0230          1.0350


Testing the lows of its recent range.  Could bounce.

Sup      79.10

Res      80.05

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