{video} AUDUSD, although looking bearish, has eased its descent, caught between the 100-day simple moving average (SMA) – located at the 0.6831 resistance – and the 0.6767 support. The latter is the 23.6% Fibonacci retracement of the down leg from 0.7081 to 0.6670, where the drop from the down trendline was previously halted. The short-term oscillators suggest that momentum has dried up but lean towards the negative view. The MACD has distanced itself below its red trigger line and has just slipped into the negative zone, while the RSI beneath its neutral mark has turned down. Further backing negative sentiment is ... (full story)