AUD declining

In contrast to USD, AUD seems to be weakening after much pumping up effort. Its indicators are very persuasive for a down ward thrust, plus this high point seems like a strong resistance when you consider all the past failed effort to break through this range. From what I see now, its resistance is located at around 130.11 and support at 115.011.


Fig 1 AUD versus SGD Weekly Chart

To me, may be the fall of AUD is a good thing, at least I can consider another trip there as I like the lay back lifestyle there.