· looks negative in very short-term
· MACD and RSI suggest neutral-to-bearish signs
AUD/USD is under renewed selling pressure following a firm rejection from the 0.6560 resistance level and the short-term descending trend line.
The pair is currently testing support around the short-term simple moving averages near 0.6510, with momentum indicators suggesting a neutral-to-bearish bias. The MACD is moving sideways near its signal and zero lines, indicating a lack of directional momentum, while the RSI is gradually declining toward the neutral 50 threshold, reflecting weakening bullish sentiment.
· MACD and RSI suggest neutral-to-bearish signs
AUD/USD is under renewed selling pressure following a firm rejection from the 0.6560 resistance level and the short-term descending trend line.
The pair is currently testing support around the short-term simple moving averages near 0.6510, with momentum indicators suggesting a neutral-to-bearish bias. The MACD is moving sideways near its signal and zero lines, indicating a lack of directional momentum, while the RSI is gradually declining toward the neutral 50 threshold, reflecting weakening bullish sentiment.
Further downside could expose the 0.6460 support level, with the rising trendline at 0.6410 offering the next potential area for a technical rebound. A decisive break below this region would likely shift focus toward the 200-day simple moving average at 0.6380, a key medium-term support level.
On the upside, a sustained move above the 0.6560–0.6570 resistance zone could open the way for a test of the long-term descending trendline and the nine-month high at 0.6625.
In conclusion, AUD/USD has been in a declining move since it peaked at 0.6625 but in the medium-term is still bullish.
