AUDUSD: Bearish, Roles Over
AUDUSD: With the pair selling off strongly during Tuesday trading session today, it now faces the risk of further decline. Support lies at the 0.9250 level. A cut through here will turn attention to the 0.9200 level and then the 0.9150 level where a violation will set the stage for a retarget of the 0.9100 level. On the upside, resistance resides at the 0.9336 level followed by the 0.9373 level where 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 downside pressure.