Technical Analysis – AUDUSD bearish at 6-year lows, falling cloud weighs
Posted on July 15, 2015 at 7:33 am GMTAUDUSD remains bearish and is hovering at 6-year lows. The bias to the downside is quite strong as the tenkan-sen line is below the kijun-sen line and also the RSI is below 50. The falling 200-day moving average and falling Ichimoku cloud also highlight the underlying bearish market bias. From current levels, support is seen at the 6-year low of 0.7371 touched last week. A break below this would accelerate a fall towards 0.7250. To the upside, resistance is at [..]