AUD/USD: With a second day of downside seeing the pair breaking and holding below the 0.9268 level, further weakness is likely. On continued weakness, support comes in at the 0.9150 level where a break will target further decline towards the 0.9100 level.
Further down, support stands at the 0.9050 level. Its daily RSI is bullish and pointing lower supporting this view. On the upside, resistance resides at the 0.9338 level followed by the 0.9450 level. A cut through here will aim at the 0.9542 level.
Further out, resistance comes in at the 0.9764 level. This if taken out will open the door for a run at the 0.9850 level. All in all, the pair remains biased to the downside.
Guest post by FX Tech Strategy
