May 21, 2012 06: 05 GMT AUD/USD: our bearish Outlook in this market remains intact and we continue to deeper setback of the project in the coming days and weeks to the bottom in October 2011 by 0.9385. A low cost top was now confirmed by 1.0475 following the last break under 1.0225. Daily studies are however is beginning to look a little tense, so we would exclude not the possibility of a rebound, hence the high next lower is requested, ideally before 1.0200. Ultimately, only back over 1.0475 nie.
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