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AUDUSD broken major support, bearish potential!

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Dollar Australia / Dollar AS (FX:AUDUSD)  
ICmarkets Broker  
FX:AUDUSD   Dollar Australia / Dollar AS
Harmonic Patterns Trend Analysis Chart Patterns AUDUSD audusdshort audusdlong audusdidea aud USD forexsignals Forex Bitcoin (Cryptocurrency)
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harmonicpatterns trendanalysis chartpattern audusd audusdshort audusdlong audusdidea aud usd forexsignals forex bitcoin
AUDUSD has broken a major support-turned-resistance level at 0.7757 opening a potential drop to 0.7644 support (horizontal overlap support, 76.4% Fibonacci retracement ). It's nice to see that we've broken multiple ascending supports too signalling that bearish momentum is accumulating. We're also below our Ichimoku cloud which adds to our bearish bias.

RSI (34) has similarly made a bearish exit in line with what we have seen in price.
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