AUD/USD was smashed near the Fibonacci level of 61.8% at 0.7811, as the sellers regained the control of the situation following a recovery held from the March’s lows. There is an ongoing attempt to make a bearish crossover of moving averages at H4 chart that could strengthen the bearish bias and the Aussie could be on its way to reach the 0.7577 level, where is located the Fibonacci zone of -23.6% at 0.7577.
RSI indicator is hovering in the oversold territory, calling for a rebound when it tests the 0.7642 level.
