Technical Analysis – AUDUSD bearish at 6-year lows
Posted on July 7, 2015 at 7:34 am GMTAUDUSD remains bearish after a big drop on Friday and then extended lower on Monday to touch a new 6-year low at 0.7461. The bias is to the downside as the tenkan-sen and kijun-sen lines are negatively aligned. Also the market is below the Ichimoku cloud and below the 100 and 200-day moving averages, all these signals are bearish. RSI is below 50 which supports the downside bias. In the big picture, AUDUSD has been in a downtrend since the [..]