Technical Analysis – AUDUSD under pressure; bearish short-term outlook while market trades below 0.80

AUDUSD is under pressure and fell for a fourth consecutive day today. The pair has approached a critical area and could close below the 50% Fibonacci retracement level of the uptrend from 0.7328 to 0.8124. The bias is now clearly to the downside and a daily close below 0.7724 (50% Fibonacci) could trigger a deeper […]