AUDUSD Under Pressure,Resistance at 0.9305

Minors - 956854 (1)

The AUDUSD maintained a bearish momentum the past few days after topping at the 0.9305 levels, the break below the 0.9119 levels, opens the way towards the 0.8860 levels ahead of 0.8770 levels.

On the upside, resistance is at 0.9305, stability above the 0.9305 levels on a daily closing basis, would delay the bearish move and flip bias to the upside for retesting 0.9665/ 0.9791 levels where new sell-off is strongly suggested.

In all, as long as 0.9305 holds on a daily closing basis, the AUDUSD is likely to return to its downside bias with risk towards 0.8860/0.8770 levels even in case of a bullish correction.




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