{video}AUDUSD experienced a vast selloff following its December peak of 0.6870, breaking below both its 50- and 200-day simple moving averages (SMAs). Although the pair managed to halt its retreat at the double bottom of 0.6524, its rebound has been repeatedly held down by the 200-day SMA. Given that both the RSI and stochastics are providing bearish signals, the price could revisit its January bottom of 0.6524. Diving below that zone, the pair might challenge the May low of 0.6457, which also provided support in November. A violation of that region could open the door for the August bottom of 0.6363. On the ... (full story)