Technical Analysis – AUDUSD drops to 5-month lows; bearish outlook stronger
AUDUSD has fallen to its lowest level in five months and has turned increasingly bearish after breaking below its 200-day moving average. The slide from the 0.8124 peak is still in progress and shows no sign of reversing yet. The market has retraced over 61.8% of the rise from 0.7328 to 0.8124. The break below the key […]