AUD/USD - AUD/USD After the Bearish Tendency Posted a Green Day - 11/22/2017 (GMT)

The AUD/USD pair is moving lower over the last two months after the bounce off the 0.8125 resistance level. On Tuesday, the commodity currency pair created a bullish day following the touch on the 0.7530 support level, however, today is losing some of the gains. In case of an upward movement the price will meet the 200-day SMA near 0.7700 psychological level. On the other side, a drop below 0.7530 will open the door for the 0.7475 support handle. From the technical point of view, on the short-term timeframe, the MACD oscillator is flattening near its trigger line and below the zero line, whilst the RSI indicator is sloping slightly to the downside near the 30 level.