The AUDUSD has been stepping decrease since peaking final week. The corrective strikes larger have been discovering keen sellers in opposition to the falling 100 hour shifting common . That has stored the sellers extra in management. In buying and selling yesterday and once more right now the worth moved up towards that shifting common and located sellers giving them the go-ahead to take the worth decrease from a technical perspective.

The low value simply prolonged under the early Could low however solely by a pip of so. Can sellers maintain the strain on and transfer towards the swing lows from the top of April close to 0.6594? That’s the subsequent goal. Resistance/threat for shorts comes between 0.6618 and 0.6625