AUD/USD
The pair corrects recent losses that posted fresh low at 0.9269. The bounce is lacking strength for regain of significant barrier at 0.9400, and psychological resistance at 50% retracement of 0.9541/0.9269 downleg being reinforced by falling 55DMA. Subsequent pullback increases downside risk, as 0.9300 support comes under pressure with 4-hour indicators maintaining negative tone. Hourly indicators are turning lower that supports the scenario of revisiting 0.9300 support, loss of which to risk return to 0.9269 and signal resumption of larger downtrend.
Alternatively, holding above 0.9300, would signal prolonged consolidation, while only sustained break above 0.9400 hurdle would provide near-term relief and signals basing attempt for more significant corrective action.
Resistance: 0.9385; 0.9400; 0.9437; 0.9480
Support: 0.9320; 0.9300; 0.9269; 0.9221
AUD/USD Hour Chart" title="AUD/USD Hour Chart" width="800" height="400">