AUDUSD very strong in the short-term bearish bias

The Aussie had a significant turning point at the May 14 session, because it started a bearish journey.

Now, AUDUSD is currently trading in favor of the bearish bias, below the 200 SMA at H1 chart and the daily pivot point level of 0.8171. Now, the pair could find support at the 0.8136 and if it does a break to the downside, it would be expected to test the low around the 0.8069 zone.

MACD indicator is still at positive territory, so be cautious with the intraday trades.

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