- 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.