AUD/USD Price Analysis: Bears move in and eye 0.6620s and a weekly 61.8% ratio – by fx_ross AUDUSD Technical Analysis
Bears eye a break towards the 0.6640s while below 0.6670 near term.
Meanwhile, from a technical perspective, AUD/USD bulls have moved aside and the bears are taking control into a key support area on the charts as the following multi-time-frameZoomed in, we can see that the price broke a key 0.6710 resistance to recently form a fresh daily high which has changed the bearish character to bullish after a sweep of stops below the prior 0.6450 channel support. If bulls commit in the area between the 50%, 61.8% and 78.
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