- AUD/USD is in a strong bear trend as the market is trading at a 32-month low.
- AUD/USD is approaching the 0.7000 round figure as the market is in a steep bear leg. The RSI and Stochastics are deeply in oversold while the MACD is in negative territories.
- The main targets to the downside are the 0.7000 figure and 0.6830 (January 15, 2016 low) on a strong break below 0.7000 figure. On the flip side, a break above 0.7085 (September 11 low) might lead to a correction up.
Spot rate: 0.7044
Relative change: -0.46%
High: 0.7089
Low: 0.7041
Main trend: Bearish
Resistance 1: 0.7085, September 11 low
Resistance 2: 0.7144 September 5 low
Resistance 3: 0.7200 figure August 15 low
Support 1: 0.7000 figure
Support 2: 0.6830 January 15, 2016 low
Support 3: 0.6800 figure