The currency pair moves sideways in the short term. It's trading at 0.6738 at the time of writing. Technically, dropping below 0.6755 signaled more declines. Still, it's trapped between 0.6755 and 0.6723 levels. The former low of 0.6723 represents a downside obstacle. As long as it stays below 0.6755 (upside obstacle), the AUD/USD pair could resume its downside movement.
AUD/USD Trading Conclusion!Dropping below 0.6723 confirms a deeper drop and brings new selling opportunities.