AUD/USD showing bearish signals
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The price action of the Aussie is getting interesting during the last few hours, as the pair is finding strong resistance in the Fibonacci level of 50% at 0.7829. Currently, it’s consolidating below the 200 SMA at H1 chart and it seems we can expect a lower continuation towards the -23.6% Fibonacci level at 0.7669. To the upside, if it manages to break above the 65% Fibo zone, AUD/USD could target the 78.6% Fibo level at 0.7853.
RSI indicator stays in the negative territory.
