AUD/USD - Fading Near the resistance at 0.7610
AUD/USD has failed to break short term resistance at 0.7610, reversing bullish momentum. Key resistance stands at 0.7681 (30/03/2017 high). Hourly support is located at 0.7449 (13/01/2017 low).
In the long-term, we are waiting for further signs that the current downtrend is ending. Key supports stand at 0.6009 (31/10/2008 low) . A break of the key resistance at 0.8295 (15/01/2015 high) is needed to invalidate our long-term bearish view.