Observations: =========================================================== > Downward channel > Downward trend not broken, higher lows and lower lows. > 200 and 50 EMA still above price > RSI bearish, MACD bearish on the weekly. RSI has room for more lows.
Thoughts: =========================================================== Another 5% loss against the USD is forecasted to hit previous bottom.
Other references: Australian-Dollar-Forecast-Key-AUDUSD-Levels-to-Watch-as-Breakdown-Unfolds