AUD/USD is very weak and completely dominated by the bearish trend

The Aussie has been very weak in recent days and it is likely that this weakness will continue for the next week.

The AUD/USD is trying to break the weekly support level of 0.9060. If successful, it is expected to fall to 0.9032 level, a very important support level and strong, because in larger charts, this level has shown a lot of bullish strength, which could cause bullish rebounds on this pair. However, if the pair manages to break the 0.9032 level, would be expected to have a deep fall to the level of 0.8949. For now, we recommend following the bearish trend of this pair, because it is still very strong.

The MACD indicator is still in negative territory and is entering extreme oversold zone, which would support our bearish outlook on this pair.

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