AUD/USD, page-60

"Citibank entering AUD/USD short position
Posted at 06 Nov 2014 12:47 am ( EST )
by Milan Cutkovic in Trade ideas, Forextell.com
We are going short AUDUSD at 0.8625 with an initial target around 0.8385-0.84 and an extended target of 0.8050. The stop is at 0.8785. – AUDUSD is now making new lows for the trend as it breaks below supports around 0.8643-0.8660 (pivot from which AUDUSD posted a 76.4% retracement pivot and the 2014 low, respectively) – The short term setup over the past few weeks could also be seen as a double top that has a target of 0.84 with an extended move to the channel base just below there at 0.8385 – Ultimately we expect AUDUSD to continue to push even lower towards the 0.8050 area around the 2010 lows"