AUDUSD has pierced beneath the 0.6900 border and is eyeing the lower Bollinger band, located within the key 0.6776-0.6840 support boundary that stretches back to mid-June 2020. While the longer-term 100- and 200-day simple moving averages (SMAs) have capped advances, the rolling over of the 50-day SMA is endorsing a continuation of the more than one-month decline from the bullish spike of 0.7661. Meanwhile, the short-term oscillators are transmitting conflicting messages in directional momentum. The MACD is suggesting additional selling in the pair, while the softer slide in the RSI is implying weakness in bearish ... (full story)