AUD/USD Has Turned Lower But Needs To Move Below 20EMA

Target @ 0.0.6570

Price reached a high of 0.6679 earlier this afternoon. Price has moved below 0.6635 and is below another support at 0.6615. The 20EMA support lies at 0.6595 and price will need to break below this point to be bearish.
Stochastic is turning lower after a bearish crossover. MACD has a bearish crossover as well but MACD is still bullish as both its lines are above the zero line.

If price fails to break below the 20EMA, as the MACD is still bullish, we may see another attempt to test the high of 0.6579. Watch the reaction at 0.6595.

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