Yesterday the AUD/USD traded in different directions in the range of $0.6575-$0.6670 and closed the day without significant changes. Today it fell a little, dropping to $0.6610. On the hourly chart, AUD/USD is still trading below the MA (200) H1 moving average line ($0.6710). The situation is similar on the four-hour chart. Based on the foregoing, it is probably worth sticking to the south direction in trading, and while the AUD/USD remains below MA 200 H1, it may be necessary to look for entry points to sell for the formation of a correction.
Resistances levels are at: $0.6670, $0.6705, $0.6730
Support levels are at: $0.6565-75, $0.6505, $0.6400
Probably, the main scenario is a continuation of the downward movement to $0.6575 (Sep 22 low).
Alternative scenario is consolidation above MA 200 H1 followed by growth to $0.6915 (Sep 13 high).
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