Australian Dollar Price Look Tired

Commentary: Having barely extended the prior 9032 high Aussie continues to churn away in the 9050-8950 zone.

The are has clearly become a strong level of resitance and unless it can take out the most recent high wioth convinction, Aussie looks ready to a turn. A break of 8950 would open the way to a test of 8800.

Strategy: Short on a break of 8950 against 9060 stop target 8