Technical Analysis – AUDUSD dives below 0.6800, posting 2-week low

AUDUSD is slipping to a new two-week low around 0.6775, penetrating the 38.2% Fibonacci retracement level of the up leg from 0.6375 to 0.7065 at 0.6800 and the lower surface of the Ichimoku cloud. According to the momentum indicators, the RSI is moving sideways in the negative zone, while the stochastic dropped in the oversold […]