The technical storyboard better explains the situation in AUD/USD at the moment. The pair has very little to work with to start the new week but is holding slightly lower. Taking a look at the charts, we can see that:AUD/USD is falling now after having ran up against the 200-day moving average (blue line) a few times already since last week. The key technical level is pinning back any upside momentum for now and sellers are being more bold today. The drive lower now threatens to take out the 100-day moving average (red line) at 0.6550. That will be a key level to watch ahead of the daily close.Besides that, the near-term chart also reveals that:Buyers have lost their upside momentum earlier
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