Technical Analysis – AUDUSD extends decline; bearish outlook now stronger

AUDUSD is in a bearish phase as it extends its decline from the multi-year peak of 0.8124. The pair is now testing its lowest level since July. The bearish outlook was strengthened after prices fell below the 200-day moving average. Key support failed at the 61.8% Fibonacci retracement level (0.7630) of the upleg from 0.7328 […]