AUD/USD is sitting at weekly lows just above 0.6600 in the Asian
Meanwhile, bearish attempts may drag the pair to the interim 100-day and 55-day SMAs in the 0.6560 region before the more important 200-day SMA of 0.6525, all before falling to the May low of 0.6465 and the 2024 bottom of 0.6362 (April 19).
Looking at the bigger picture, additional gains are probable as long as the spot remains above the 200-day SMA.
On the four-hour chart, the selling momentum appears to be regaining strength. However, early resistance emerges at 0.6714 before 0.6871. On the downside, 0.6632 provides immediate support, just ahead of the 100-SMA at 0.6611. The RSI decreased to around 40
Looking at the bigger picture, additional gains are probable as long as the spot remains above the 200-day SMA.
On the four-hour chart, the selling momentum appears to be regaining strength. However, early resistance emerges at 0.6714 before 0.6871. On the downside, 0.6632 provides immediate support, just ahead of the 100-SMA at 0.6611. The RSI decreased to around 40