AUD/USD Price Prediction – May 9
The AUD/USD market price declines further to a lower-trading spot around the 0.7000 point. The currency pair now trades around 0.7004 at a minute negative percentage of 0.94. It appears the trading activities between the two fiat coins are likely to get a sit in the near couple of sessions.
AUD/USD Market
Key Levels:
Resistance levels: 0.7100, 0.2300, 0.7300
Support levels: 0.6900, 0.6800, 0.6700
AUD/USD – Daily Chart
The AUD/USD daily chart reveals the currency pair market price declines further, extending briefly past the 0.7000 trading line during today’s operation. The 14-day SMA indicator has intercepted the 50-day SMA indicator from the top. And they are far above the present trading zone. The Stochastic Oscillators initially swerved northbound from the oversold region to now get crossed southbound between the ranges of 60 and 40. That indicates some downing moves are to still feature in this currency pair transactions. 
Will the AUD/USD market lose stance as the currency pair price declines further?
There is still a probability the AUD/USD market will lose stance as already the currency pair price declines further to briefly touch past a lower-trading point of 0.7000. Expectantly, in the near time, the price can breach downward beyond it to find support around the 0.6900 level. But, a bullish candlestick has to emerge for signal confirmation to allow buyers to rebuild a stance along its wall afterward.
On the downside of the technical analysis, the AUD/USD market short-position placers may ride alongside the current downing force with the current bearish candlestick in the market so far it doesn’t give in to a rebounding movement to cause its decimation in the short-term. The moment there is an occurrence of a bullish candlestick in the zones of support points mentioned above, that would mean sellers’ are setting to dowse their efforts in the near possible time.
The analytics, at a glance, as the AUD/USD market may still relatively go down to find a reliable support in the near time especially, when a bullish candlestick re-surfaces at a depth of lower-trading spot afterward. 
AUD/USD 4-hour Chart
The AUD/USD medium-term chart showcases the currency pair price declines further to consolidate within the bearish channel trend lines drawn. The 14-day SMA indicator is underneath the 50-day SMA indicator. And they are above the bearish channels, indicating the severity of downing forces. The Stochastic Oscillators are in the oversold region, slantingly bending southbound with their lines conjoined. That suggests some falling pressure still dominates the trend until now.
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