AUDUSD - signals continue to point lower
​Thursday's signals for the AUDUSD switched to bearish and these were confirmed with a loss of over 0.5 Big Fig, the 2nd worst trading day for sentiment so far in May. This month's rally has attracted sellers for the 2nd time this week from ahead of the 50, 100 & 200 day average rates and with signals continuing to point lower the outlook for Friday is to sell on the open and then at .7455, today's opening trade in Asia with a stop loss at .7489, just above yesterday's Marabuzo line. Targets are to .7406, the 19th May low, .7382, last week's base and .7329, May's low trade.
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