AUDUSD flirts with July’s low; outlook discouraging

From xm.com

video AUDUSD almost touched July’s 26-month low of 0.6680 on Wednesday before bouncing up to finish the session with mild gains. The soft upward move, however, was not enough to shift the odds to the bullish side as the RSI keeps pointing downwards well below its 50 neutral mark, while the MACD remains negatively charged below its zero and signal lines too. Hence, the bears may stay on board for now, aiming for an aggressive attack towards the next barrier of 0.6550 once the base around 0.6680 gives way. Even lower, selling pressures could further intensify to meet the 0.6400 round level last active during ... (full story)