AUDUSD, May 21st 2014

This pair is on pressure and lost at least 130 pips in 2 days, we can see on the chart below that the price is now entering the Support Area. This is an important area for this pair and we are looking for a rejection signal such as a pin bar or false break that would tell us that the price is ready to hike once more time which inline with our bullish bias. But if the price can break this Support Area, we could expect to see further drop heading to the next Key Support around 0.9127.