AUD/USD - Bearish Breakout at 0.8660
AUD/USD has broken the key support at 0.8660. A psychological support lies at 0.8500. An hourly resistance can be found at 0.8646 (04/11/2014 low). Another resistance stands at 0.8699 (intraday high).
In the long-term, the break of the strong support at 0.8660 (24/01/2014 low) confirms the underlying long-term bearish trend and opens the way for further weakness. Supports can be found at 0.8316 (01/07/2010 low) and 0.8067 (25/05/2010 low). A key resistance stands at 0.8911 (29/10/2014 high).