AUDUSD’s short-term technical structure is bearish. Hourly resistance is given at 0.8066 (27/07/2017 high) while hourly support can be found at 0.7875 (21/07/2017 low). Expected to continued decline.
In the long-term, we are waiting for further signs that the current downtrend is ending. Key supports stand at 0.6009 (31/10/2008 low) . A break of the key resistance at 0.8295 (15/01/2015 high) is needed to invalidate our long-term bearish view.
