AUD/USD continues its downside movement from 0.8135 and the fall extended to as low as 0.7759. A further decline is still possible after a minor consolidation and the next target would be at the 0.7650 area.
AUD/USD continues its downside movement from 0.8135 and the fall extended to as low as 0.7759. A further decline is still possible after a minor consolidation and the next target would be at the 0.7650 area.
Near term resistance is at 0.7850, only a break above this level would suggest that consolidation for the downtrend is underway, then a further rally to the 0.7970 area could be seen.
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