AUD/USD Technical Analysis: Bears Eye 0.90 Threshold
AUD/USD Technical Analysis– Prices are testing below support at 0.9134, the 14.6% Fibonacci retracement, with a break downward targeting the 23.6% level at 0.9005. Positive RSI divergence continues to warn of ebbing downward momentum, hinting a rebound may be brewing. Near-term resistance is 0.9325, the June 11 low.
Daily Chart - Created Using FXCM Marketscope 2.0
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