AUSUSD Daily Forecast

The AUDUSD had a bearish momentum yesterday. The pair bottomed at 0.7903 and closed at 0.7949. The bias is bearish in nearest term testing the key support level around 0.7825 area (see the chart below). Break below that area should trigger further bearish scenario in medium term. Immediate resistance is seen at 0.7965. CCI just cross the -100 line down on h1 chart suggesting a potential downside pressure.