AUDUSD Technicals: Value breaks under the zero.6481 ground, turning the bias extra bearish.

The AUDUSD has damaged to a brand new session low, slicing by way of the zero.6481 assist ground from final week and Monday’s commerce. That breakdown is a bearish technical sign, opening the door for additional draw back momentum. The subsequent main goal sits close to zero.6450, the place the 100-day transferring common converges with swing lows from two weeks in the past.

For sellers, the chance is clearly outlined. Staying under zero.6481 retains the bearish bias strongest, whereas in the present day’s excessive stalled slightly below the falling 100-bar transferring common close to zero.6500, a extra conservative line for threat administration.

👉 The video above walks by way of the important thing ranges, draw back potential, and buying and selling technique intimately. In the event you’re buying and selling AUDUSD, you gained’t wish to miss it.

This text was written by Emma Wang at investinglive.com.