AUD/USD remains solid in the bearish trend

AUD/USD continues to fall below the 200 day moving average, but with a strong support level of 0.8662

This pair has formed a fractal above the pivot point at the 0.8705 level, which would make this a very strong level. If the aussie manages to break that resistance level, the next bullish target would be the resistance level of 0.8751 and 0.8763. Moreover, if this pair make a breakout in the support at the level of 0.8662, the next bearish target would be the support level of of 0.8636.

The MACD indicator is in positive territory but is likely to enter neutral territory at the end of the Asian session.

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