The Australian dollar is looking increasingly bearish against the US dollar, as the pair fails to make upside traction above the 0.7600 level. The MACD indicator on the weekly time frame has turned into the red and is a warning of further losses for the AUDUSD pair. Weakness below the 0.7560 level is now needed to dramatically increase short-term selling pressure towards the AUDUSD.
The AUDUSD pair is only bullish while trading above the 0.7620 level, key resistance is found at the 0.7670 and 0.7730 levels.
The AUDUSD pair is only bearish while trading below the 0.7620 level, key support is found at the 0.7560 and 0.7480 levels.
