On the AUD/USD daily chart, supply is increasingly taking control of the quotes. Three days of declines led to a serious violation of support and the level of previous lows. Declines started from testing the line connecting previous highs. As you can see test of this line usually meant moves in south direction.
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Exactly the same shows weekly chart. The broad trend has been bearish for a long time and for more than a year price moves sideways, perfectly respecting resistance in the 0.7750 area. Currently we are dealing with a third reflection from this level and it seems that there is a chance for declines in near future towards support that connects the last two lows.
