AUD/USD Price Analysis: Key support in play with eyes on 0.6900/50 for the opening range AUDUSD Technical Analysis
With that being said, we are down low in the 100 pip box between 0.6900 and 0.7000 and we may continue to work the lows for some time until the bulls make their major move, if at all. AUD/USD daily chart
Given that we still have not had a breakdown of structure to the downside, below 0.6920/00, and confirmation that a break thereof was not just a stop hunt, , a bullish thesis can still be valid for the opening balance of the week:, we have 0.6950 to clear before a bullish thesis can be solidified, so it is a case of seeing how the opening range on Monday develops. However, while holding above the trendline and said support, there are prospects of a short squeeze to test 0.6950 for the day ahead.
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