AUD/USD…EUR/AUD

AUD/USD…102.43 is today’s ORL #.There are resting sell stops @ 102.10-15.

Aussie has been going sideways for a year and looks poised to test the 2012 lows with a close below 102.

EUR/AUD…looks to be the best way to play a breakdown. This cross held weekly macro support late Friday. By holding last night, this cross is the lowest risk way to play a potential move.

130506_071145_CQG_IC_Chart_IAUDUSD_-_Australia_(Dollar)_Index_Daily

130506_071222_CQG_IC_Chart_IEURAUD_-_Euro_Australia_Index_Daily

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