AUDUSD: Declines Further, Eyes The 0.9050 Level

AUDUSD: With AUDUSD continuing to maintain its weakness and extending it today, further bearishness cannot be ruled out. Support lies at the 0.9100 level with cut through here turning attention to the 0.9050 level and then the 0.9000 level where a violation will set the stage for a retarget of the 0.8950 level. On the upside, resistance resides at the 0.9300 level where a break will aim at the 0.9373 level. A breach will aim at the 0.9415 level. Above that level will set the stage for a run at the 0.9476 level with a cut through here resuming its broader uptrend towards the 0.9550 level. All in all, the pair faces further pullback risk.

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