Aussie Dollar plunges

The Australian Dollar broke support at $0.8650, signaling a (primary) decline with a target of $0.80*. A 13-week Twiggs Momentum peak below zero strengthens the bear signal. Recovery above $0.8650 is most unlikely, but would warn of a bear trap.

AUDUSD

* Target calculation: 0.87 – ( 0.94 – 0.87 ) = 0.80