AUD/USD slightly increased back at the 0.777 range and currently trades sideways. The pair approaches hourly support at 0.7690 (25/10/2018 low) while hourly resistance at 0.7879 (21/02/2018 high) is distanced. The short-term technical structure suggests 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.
 while hourly resistance at 0.7879 (21/02/2018 high) is distanced. The short-term technical structure suggests continued downward moves.){kind=link}