AUD/USD recovery loses steam and approaches hourly support at 0.7773 (14/02/2018 low). Hourly resistance is maintained at 0.7999 (17/01/2018 high). The short-term technical structure suggests further downside moves.
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.
. Hourly resistance is maintained at 0.7999 (17/01/2018 high). The short-term technical structure suggests further downside moves.){kind=link}