AUD/USD continues to test major resistance, remain bearish

The price continues to test major resistance at 0.8018 (Fibonacci retracement, Fibonacci extension, bearish divergence) and we expect a drop from this level to push the price down to at least 0.7817 support (Fibonacci retracement, horizontal swing low support). RSI (34) sees ascending support as more intermediate support and only a break of this level […]