{video} AUDUSD has been moving sideways over the last week, consolidating within the 0.6367 support and the 0.6550 resistance. In trend indicators, the 20- and 50-day simple moving averages (SMAs) are heading south, confirming the long-term bearish outlook, while the MACD is holding above its trigger line in the negative region and the RSI is sloping up below the neutral threshold of 50. A failure to overcome the 0.6550 resistance level could send the price down to the 29-month low of 0.6367. Lower, support could next be found around the 0.5505 barrier, registered in March 2020. Alternatively, if 0.6550 proves easy ... (full story)