Forex: Aussie tests support

The Aussie Dollar is testing its major support level at $0.95/$0.96. Declining 13-week Twiggs Momentum warns of a long-term down-trend. Breach of $0.95 would offer a target of $0.80.

Aussie Dollar/USD

* Target calculation: 0.95 – ( 1.10 – 0.95 ) = 0.80