September started very well for the AUD/USD. At the beginning of the month the price managed to break the downtrend line (red) which led to the next opportunity of breaking two resistance areas at the 0.923 and 0.934 levels. Both areas were broken quite easily, and the upswing continued till the 38.2 Fibonacci, where bulls gave up. The last few days can be dangerous for the technical situation for this pair, as the price broke the short-term uptrend line (black), which was supporting the recent correction.
AUD/USD" title="AUD/USD" src="https://d1-invdn-com.akamaized.net/content/pic9799fa14472d1757f7505795cf5a39d0.png" height="347" width="916">
As long as the price stays above 0.93, the sentiment in the mid-term is positive, and traders can hope that the price will be aimingtowards the 38.2 Fibonacci for the second time. If this support will be broken it will change the sentiment to a negative one, which has been ruling on this pair for the past few weeks.