AUDUSD: With the pair unable to break and hold above the 0.9305 level and tumbling lower on Wednesday, more weakness is likely in the days ahead.
Support lies at the 0.9200 level with a breach of here turning focus to the 0.9100 level followed by the 0.9000 level.
Further down, support stands at the 0.8900 level with a break aiming at the 0.8847 level. Below here will resume its broader downside towards the 0.8800 level.
Conversely, the pair will have to violate the 0.9220 level and the 0.9317 level to create scope to a return to the 0.9400 level.
Further out, resistance resides at the 0.9450 level and then the 0.9500 level. All in all, the pair remains biased to the downside long term.
Guest post by FX Tech Strategy
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