AUD/USD finally broke hourly support at 0.7773 (14/02/2018 low) and heads along the 0.77 range, approaching hourly support at 0.7638 (15/12/2017 low). Hourly resistance given at 0.7999 (17/01/2018 high) is distanced. The short-term technical structure suggests further continued downward 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.
 and heads along the 0.77 range, approaching hourly support at 0.7638 (15/12/2017 low). Hourly resistance given at 0.7999 (17/01/2018 high) is distanced. The short-term technical structure suggests further continued downward moves.){kind=link}