AUD/USD chart - Trading View
Technical Analysis: Bias Bearish
- Price action has closed below 5-DMA and 5-DMA has turned lower
- MACD shows bearish crossover on the signal line
- Stochs and RSI show rollover from overbought levels
- Bearish divergence on Stochs and RSI on the daily charts adds to downside pressure
Support levels - 0.7634 (21-EMA), 0.7573 (78.6% Fib), 0.7475 (55-EMA)
Resistance levels - 0.7723 (200H MA), 0.7743 (5-DMA), 0.7836 (88.6% Fib)
Summary: AUD/USD on a loosing streak for the 4th straight session. Weakness Outlook has turned bearish for the near-term after prices dipped below 5-DMA. Pair now eyes support at 21-EMA. Break below will see more downside.
