AUD/USD has not affected any signs of a downtrend after the dovish signal from the Federal Reserve. D1 chart, the Australian dollar fell against the US dollar yesterday and closed down about 2% with 0.71085. The price is currently below the 200MA and the overall trend remains biased towards bearishness. The RSI indicator is currently returning to a safe price after a correction and is conducive to pushing prices down. The MACD indicator bears volume is also very strong, the bearish volume has broken above the signal line.
H1 chart downtrend has formed. The distance between the SAR indicator and the price is very close, indicating that the bullish volume is gradually fading. MACD has also been in a downtrend. The RSI indicator has now retraced to a safe position, which is conducive to pushing prices further down.
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