The AUD/USD is breaking below a channel support seen in the daily chart. The daily chart also shows where the next key support pivot is. Around 1.0220-1.0230, we have a support pivot from the April consolidation. This level was also a resistance pivot on 6/20, adding evidence that this is a key area to monitor if the current breakout extends lower. There is a pivot at 1.0435. Respect of this level upon a pullback strengthens the case toward 1.0220-1.0230. A break above 1.0450 makes it unclear, and a break above 1.05 is likely going to introduce the bullish continuation scenario, given it also pushes above the ... (full story)