AUDUSD: With AUDUSD extending its price weakness during Thursday trading session,, more decline is likely. Support lies at the 0.9250 level. A cut through here will turn attention to the 0.9200 level and then the 0.9250 level where a violation will set the stage for retarget of the 0.9150 level. Its daily RSI is bearish and pointing lower. On the upside, resistance resides at the 0.9376 level. Above that level will set the stage for a run at the 0.9400 level with a cut through here resuming its broader uptrend towards the 0.9450 level. All in all, the pair faces a corrective recovery risk.
AUDUSD: With AUDUSD extending its price weakness during Thursday trading session,, more decline is likely. Support lies at the 0.9250 level. A cut through here will turn attention to the 0.9200 level and then the 0.9250 level where a violation will set the stage for retarget of the 0.9150 level. Its daily RSI is bearish and pointing lower. On the upside, resistance resides at the 0.9376 level. Above that level will set the stage for a run at the 0.9400 level with a cut through here resuming its broader uptrend towards the 0.9450 level. All in all, the pair faces a corrective recovery risk.
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