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AUD/USD: Moderate bearish stance

The risk is skewed to the downside in the AUD/USD pair, which is about to challenge 0.6000, Valeria Bednarik from FXStreet reports.

Key quotes

“The AUD/USD pair is offering a moderate bearish stance, according to the 4-hour chart, as it continues to trade below its 20 SMA, while around a bearish 100 SMA.” 

“A break below the 0.6000 threshold should open doors for a steeper decline.”

“Support levels: 0.6035 0.6000 Resistance levels: 0.6075 0.6110”

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EUR/USD: New lows are on the cards

EUR/USD Friday’s four-hour chart is decidedly bearish, pointing to losses, according to FXStreet’s analyst Yohay Elam. Key quotes “The EUR/USD pair is
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