AUD/USD Price Analysis: Bears ready to pounce while front side of trend AUDUSD Technical Analysis
There is an emphasis on the downside for the meanwhile on the lower time frames:
Zoomed in, we could see that AUD/USD had left an M-formation on the 4-hour chart. A correction into the neckline would meet a 38.2% Either way, below there, the bias was to the downside for a deeper test into the support area. 0.6725 is an upside resistance that guards a continuation higher subsequent of the bullish breakout. With the recent break of the structure of 0.6650, there is a bias to the downside still while on the front side of the bear trendline.
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