AUD/USD Price Analysis: Bears eye the coiled conditions, testing 0.6670 structure – by fx_ross AUDUSD Technical Analysis
AUD/USD 0.6580 guards a test of 0.65 the figure.
In the meanwhile, the neckline of AUD/USD M-formation could serve as the resistance of a possible stronger correction in the coming days and that could lead to a downside continuation below the now counter-trendline to target the 0.65s.On the 4-hour time frame, the descending triangle is a bearish formation that anticipates a downside breakout:
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