{video}AUDUSD is plummeting for the third straight day towards a fresh 28-month low of 0.6580, remaining within a downward sloping channel since the beginning of June. The price had a pullback from the bearish cross within the 20- and 50-day simple moving averages (SMAs), keeping the medium-term outlook bearish. Technically, the MACD is strengthening its negative momentum below its trigger and zero lines, while the RSI is approaching the 30 level. Should weakness extend below the multi-month low of 0.6580 and the trough from May 2020 at 0.6570, support to downside movements could initially be detected from the April ... (full story)