AUD/USD Price Analysis: Bears in the market, chipping away into key support

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AUD/USD Price Analysis: Bears in the market, chipping away into key support AUDUSD Technical Analysis

The bias is bullish while being on the back side of the prior bearish trend although there is an emphasis on the downside for the meanwhile on the lower time frames:

of the prior bearish leg. Either way, while below here, the bias is 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. Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.

 

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