On the upside, the AUD/USD should encounter initial resistance at the 200-day SMA of 0.6628 prior to the November top of 0.6687 (November 7), which is supported by the provisional 100-day SMA.
The four-hour chart shows a continuation of the negative trend. That said, initial support comes at 0.6479, followed by 0.6347. On the plus side, the immediate challenge is the 55-SMA at 0.6585, which comes before the 100-SMA 0.6597. The RSI dropped to around 28, entering the oversold zone.
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