AUD/USD Price Analysis: Bears aligned below 0.6710 AUDUSD Technical Analysis
AUD/USD weekly chart
The weekly chart has the price coiling in the correction with the possibility of a downside continuation while stuck below 0.6790.The M-formation on the daily chart may act as the peak formation in the correction and lead to a move lower to break the structure on the downside. The four-hour chart´s 50% mean reversion level near 0.6710 aligns with the neckline of the pattern that could continue to act as resistance.
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