AUD/USD analysis: Bearish trade with downside bias

AUD/USD analysis: Bearish trade with downside bias

In the mid-term, the price has broken through support level at 07181. With price below 14 MA, there is downside bias for now.

Over the long-term, higher directional movement and smaller activity is expected. In conclusion, flow direction is down. Smaller activity presage a lower movement, with 3 days net flow at 11. The market ended in balanced manner. With decrease in volatility, it means less market opportunities. With value area range decreasing and total TPO above increasing versus total TPB below decreasing, it means that the sellers are in control. Total TPO decreased compared to previous day. Data points to downside bias.

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