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A bear cycle in AUDUSD remains intact and another fresh cycle high, today, reinforces the current condition. A key support at 0.6622, the Sep 11 low, has been breached. This strengthens a bearish theme and opens 0.6576, a Fibonacci retracement. Moving average studies also reinforce the current downtrend - they have crossed and highlight a bear-mode set up. Initial firm resistance to watch is 0.6723, the 50-day EMA.
Gilt Opening calls, set to gap lower, 95.58/95.62 range.
Estox 50: +0.68%, Dax: +0.49%, CAC: +0.54%, FTSE +0.31%, SMI +0.38%.