The Aussie came under pressure again, following recovery attempt failure at 0.9455 and subsequent weakness that violated initial 0.9365 support. Near-term studies in negative territory, see risk of further downside, with immediate targets laying at 0.9300 and 0.9283, Fibonacci 38.2% of larger 0.8891/0.9526 ascend, below which to signal stronger correction and mark near-term top. From the other side, larger picture bulls remain intact and would keep further upside in play, as long as the price holds above 0.9200 support, higher platform and 50% retracement of 0.8891/0.9526 rally.
- Res: 0.9412; 0.9455; 0.9483; 0.9500
- Sup: 0.9340; 0.9300; 0.9283; 0.9222
AUD/USD" title="AUDUSD" width="800" height="400">