AUD/USD Price Analysis: Bears are hungry for more, 0.7360s eyed

  • AUD/USD bears are hungry for more and target the downside support area.
  • The 38.2% Fibo has served as a resistance.

As per the prior analysis, AUD/USD Price Analysis: More to come from the bears? the price has continued to deteriorate, and the weekly support is targeted.

AUD/USD prior analysis

AUD/USD live market 

As for the daily chart…

The price rallied into the 38.2% Fibonacci retracement area and has started to crumble again as the bears engage, hungry for a lower low and to target the liquidity in the prior resistance that meets with a dynamic trendline support area near the 0.7360s.

About the Author

You may also like these