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Forex: AUD/USD extends decline to 1.0225

After being capped at 1.0290, the AUD/USD has been trading lower to break below the 1.0250 and test intra-day lows at 1.0225. Currently the pair is trading at 1.0240, 0.10% above opening price action.

Technically, pair is slightly bearish with CCI, MACD and Momentum pointing bearish while Stochastic is bullish in the 15-minutes chart. Supports could be found at 1.0225, 1.0200 (psychological level) and 1.0182 (Feb 27 low). On the other side, resistances are seen at 1.0290, 1.0325 (200-day SMA) and 1.0370 (Feb 15 high)

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