09th May - AUD/USD Near Bottom of Range Again
09 May 2013
MONTHLY CHART:
The market has traded sideways after earlier testing resistance from the old bull channel base.
Lower supports including the 0.9386 Oct-11 low and multi-year 38.2% retracement at 0.9140 stay out of reach for now.
DAILY CHART:
Price has continued to drop back after the latest test of resistance from the key 76.4% area, which marks the top of the current range.
Focus has now returned to the range base around prior 1.0145/62 lows and 50% level. A breach of this would be bearish and open up the lower retracements.
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9th May - A new bull leg for the S&P is just beginning 
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09th May - Silver Vulnerable to Further Weakness