forexeatrading 
- AUD/USD flirts with short-term SMAs
- MACD and RSI seem adverse
AUD/USD posted three consecutive crimson days, approaching the 20- and the 50-day easy shifting averages (SMAs) barely under 0.6300. The current downfall available in the market is confirmed by the technical oscillators as effectively. The MACD dropped beneath its set off line, remaining marginally above the zero space, whereas the RSI is shifting horizontally under the 50 space.
If the bears take the pair decrease, instant help may come from 0.6260 forward of the near-term uptrend line at 0.6220. A fall under this line may endorse one other descending transfer till the 0.6180 and 0.6130 ranges.
Within the optimistic situation, an increase above the 0.6390-0.6407 restrictive area, which encapsulates the two-and-a-half-month excessive may ship merchants till the 0.6470 barrier and the 200-day SMA at 0.6515.
In short, AUD/USD is dropping some steam and solely a decisive shut above the 200-day SMA may help the bullish bias within the short-term view.
