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AUD/USD: Technically 0.7450 is the One to Watch - FXStreet
Valeria Bednarik, chief analyst at FXStreet explained the technical picture surrounding AUD/USD
Key Quotes:
"In
the 4 hours chart, the price remained capped by a flat 20 SMA, now
around 0.7660, while the technical indicators head sharply lower within
bearish territory, with room to extend their slides, and supporting a
downward continuation, particularly if the ongoing decline extends below
0.7450, the 38.2% retracement of this year's rally, a major support."
