AUDUSD - Technical Analysis: Thursday, 30/07/2015 10:35 GMT

The Aussie is organized inside a descending channel that appears on chart, which hints that the price is facing more negative pressure in the upcoming period, reinforced by the recent break to the bullish trend line that appears on image – the dashed line -.

Stochastic shows negative signals, and the exponential moving averages 50 and 100 add negative pressure on the price, which provides more support to the continuation of the expected bearish wave.