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AUDUSD is under heavy selling pressure the last two weeks that turn the momentum to bearish in the short term as well as for the long term. The price today broke below the 100 day Moving average, and sellers are in full control, and can drive the price down to 0.76 where is the next support.
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AUDUSD
AUDUSD made an impressive rally the last days but now have reached overbought levels, meanwhile USD looks strong across the board, a profit taking looks possible.
AUDUSD
AUDUSD still holds the bullish trendline started from late December 2016, as long as the pair holds above 0.7380 level i will stay bullish targeting 0.7480