AUD/USD has weakened after the successful test of its key resistance at 0.7582. Despite the lack of follow-through after the break of the hourly support, a break of the strong resistance at 0.7652 is needed to invalidate the current short-term bearish bias.
In the long-term, the upward trend slows down after failing to reach key resistance at 0.8164 (14/05/2015 low). Key support stands at 0.6009 (31/10/2008 low). A break of the key resistance at 0.8164 (14/05/2015 high) is needed to invalidate our long-term bearish view.
