AUD/USD Price Analysis: Australian dollar heavy near 0.6000 handle

 

 

 

AUD/USD is easing down from the 0.6200 figure after a rebound from one-decade lows. USD strength is favoring the downside in the antipodean currency pair. 

 

 

 

AUD/USD is resuming the bear trend while trading below the main SMAs suggesting a bearish bias in the medium term as bears are pressuring the 0.6000 handle and a break below it can lead to further downside towards the 0.5865 level and the 0.5700 figure while resistance can emerge near the 0.6100, 0.6200 and 0.6300 levels on the way up.