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Chart - Courtesy Trading View
Technical Analysis:
- AUD/USD was trading largely unchanged at 0.6404 at around 15:05 GMT
- The pair is forming a Doji on the daily candle at the time of writing
- GMMA indicator shows major and minor trend are strongly bearish
- Momentum is bearish, volatility is high and rising
- Chikou span is biased lower, MACD and ADX support downside in the pair
Support levels - 0.6363 (Yearly low), 0.6304 (Lower BB)
Resistance levels - 0.6461 (5-DMA), 0.6568 (21-EMA)
Summary: AUD/USD trades with a bearish bias. The pair is on track to refresh yearly lows below 0.6363.
