{video}AUDUSD’s short-term upward pattern is under threat as it faces the risk of closing below the October support trendline at 0.6500, following another rejection near its exponential moving averages (EMAs). Technical indicators suggest the bears are in control as the RSI is decelerating below its 50 neutral mark and the MACD is weakening within the negative region. If the price stays below 0.6500, there is a possibility of it retesting the upper band of the broken bearish channel (January-March) at 0.6465 and February’s low at 0.6440. Neglecting to pivot there could result in a drop towards 0.6370, where the ... (full story)