AUDUSD broke below 0.7956 support, confirming that the upside movement from 0.7501 had completed at 0.8135 already.
AUDUSD broke below 0.7956 support, confirming that the upside movement from 0.7501 had completed at 0.8135 already. Further decline could be expected after a minor consolidation and next target would be at 0.7800 area.
Near-term resistance is at 0.7970. A break of this level would suggest that corrective consolidation for the downtrend is underway, then further rally to 0.8020 area could be seen.
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