AUDUSD is retesting the resistance of the neckline. The 25MA had crossed the 100 MA and indicate bearish sentiment. The intermediate support at 0.99 and the next resistance is around 1.002 area.
AUDUSD daily candlestick show the market undecided with a doji. However, with the bearish sentiment of the current market, the AUDUSD may experience further downside. The support is at 0.983 and resistance is at 1.01.
By The Backyard Burner
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