AUDUSD Price Analysis: A deceleration opens risk of a break to 0.6650 and below – by fx_ross AUDUSD Technical Analysis
, the price indeed was held off by the bears for a test into the 0.64 figure and a touch below as follows:The analysis explained that the bears were still in play on the hourly chart while below the 50% mean reversion level. There were prospects of a downside extension to test 0.6400 the figure as illustrated above, unfolding as follows:From a weekly perspective, the price is meeting a critical area of resistance and the downside is up for grabs in the open.
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