Australian Dollar Tests 200 day SMA

[B]Commentary[/B]: Please see our special report on the AUDUSD from last week. The near term picture has been a mess recently….very choppy and difficult to manage risk. On the daily chart, the decline from .9400 could be the beginning of something much bigger (as discussed in the special report) and the pair is putting the 200 day SMA to the test right now. The next potential support level is the 61.8% of .7673-.9400 at .8333.

[B]Strategy[/B]: Flat