The AUD/USD continues to fall and still can not find a solid support

The aussie continues to fall below the resistance level at 0.9349.

The AUD/USD is forming a higher low pattern and is likely to fall to support at the 0.9201 level, to fill the gap that this left a few weeks ago. On the other hand, if the pair managed to break the resistance at the 0.9349 level, would be expected to rise to the level of 0.9466. For now, the bearish trend is still very strong, because the AUDUSD formed a fractal above the 0.9466 level, which means that this level is too strong for now. If this pair does break the support at the level of 0.9201, it is expected to drop to the level of 0.8960.

The MACD indicator remains in negative territory and the aussie remains below the 200 day moving average.

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