The AUD/USD continues with the falls

The Aussie continues to fall, while its overall bullish trend is endangered.

The AUD / USD is below resistance at the 0.9386 level and now, it is very likely that this pair conduct a bullish rebound to continue rising. However, it is also likely that the AUDUSD begins to form a higher low pattern, to continue falling toward the support at the 0.9339 level. If this pair managed to break the resistance level of 0.9386, it is expected to rise to the level of 0.9474 in the medium term. On the other hand, if the pair manages to break the support at the level of 0.9339, it is expected to drop to the level of 0.9280.

The MACD indicator is entering negative territory.

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