AUD/USD
The pair remains under pressure after fresh weakness probed levels below psychological 0.9000 support and subsequent bounce seen as corrective action. Negative near-term studies keep the downside focused, with clear break below 0.9000, expected to open key short-term supports at 0.8891/46, 28/05 / 08 annual lows. Previous base at 0.9054, also 38.2% of 0.9167/0.8997 descend is under pressure, with further correction to face barriers at 0.9100, 61.8% retracement and 0.9145, 03/12 lower top, where rallies should be ideally capped. Only extension above previous consolidation tops at 0.9167 would sideline immediate bears and avert downside risk.
Resistance: 0.9054; 0.9082; 0.9102; 0.9145
Support: 0.9032; 0.8997; 0.8950; 0.8900
AUD/USD Hour Chart" title="AUD/USD Hour Chart" width="800" height="400">