Sunday I wrote, that AUD/USD was facing strong resistance at 103.80 (See the post here:http://theelliottwavesufer.blogspot.com/2011/10/audusd-facing-strong-overhead.html)
Yesterday we saw a top just 9 small pips below, with the test of 103.71 and everything points towards a top, whats needed is a break below 100.98, which should turn us down towards 98.60. If suppot at 98.60 is broken too we could easily see a move down towards the 93.86 low again.
But for a break below 100.98 is needed.
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