AUD/USD 3rd-7th september 2012 Analysis

AUD/USD pair is obviously in a strong Bearish Tone. it opened at the price level of 1.0422 last week Trading seesion n record a high at 1.0424 and continue its bearish movement and meet the support at 1.0280 to make some retracement and finally close at 1.0310. Provided that 1.0360 (support turns Resistance) holds the bias remains to the downside targeting 1.0180 support before 1.0100. A clear break of 1.0100 will open door for a free fall towards 1.0000 phschological level.Our medium term target for this pair is at 0.9800 and below.