AUDUSD Tech analysis by Simon Kazinsky on 09:34 July 19, 2016 EST
AUDUSD is again testing a Moving Average that has acted as resistance. For the past few sessions the Aussie appears weak versus most of the majors, including the troubled British pound. AUDUSD set a red candle on the weekly last week pointing to a reversal at a critical level.
The outlook appears bearish for the pair particularly if 0.72 gives way.