The AUDUSD has moved back below the 200 day MA at the 1.02757. Stay below bearish. A move above should disappont sellers. The next key target becomes the 100 day MA at 1.0215. A move below this level should lead to further momentum lower.
The high from July 11th came in at 1.0280. The proximity to the 200 day MA should be another reason to expect sellers against this area. A move above, however, would not be welcomed.
