AUDUSD with a flat structure at the H1 chart

At the H1 chart, the AUDUSD is showing weakness below the daily pivot point level of 0.8171.

In the near term, the bears could start to dominate the Aussie’s trend and if the pair breaks the support level of 0.8136, it would be expected to fall until the level of 0.8069.

It should be noted that the AUDUSD is showing a flat structure in this timeframe, so, we could not be sure about what’s the next step for the pair in the very short term, but it seems that the bearish bias is having more ground currently.

The MACD indicator is still at negative territory.

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