The Australian Dollar (AUD) inched lower against the US Dollar (USD) on Monday, decreasing the price of AUDUSD to less than 0.7850 following some key economic releases. The technical bias shall remain bullish because of a higher high in the ongoing upside move. AUD/USD Technical Analysis

As of this writing, the pair is being traded around 0.7820. A hurdle can be noted near 0.8024, an immediate horizontal resistance level ahead of 0.8100, the psychological level and then 0.8249, the high of the last major upside rally as demonstrated in the given below chart. Read more: https://blog.fxopen.com/audusd-plunges-as-bears-gain-strength/