The AUDUSD broke the neckline support and make another low. The AUDUSD support level is at 0.9895 and 0.9810 while resistance is at 0.998 and 1.002. The AUDUSD just break below the 100MA for H4 timeframe indicating the turning to a bearish trend.
The AUDUSD on a daily chart show the bearish trend is still going strong. The AUDUSD has the possibility to drop to the area of 0.9810 if the downtrend continue.
By The Backyard Burner
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