AUD/USD Price Analysis: Bears in the prowl but US dollar stumbles By ross_burland AUDUSD Technical Analysis
The following illustrates the bearish bias across the time frames. The W-formation's neckline was broken which leaves the outlook bearish for the foreseeable future. The price is in a strong downtrend that has recently accelerated and the prior lows into the 0.6960s are in focus. The bulls failed to take over control and lost their footing on attempts to break 0.72 the figure. The price action is bearish and a break of 0.
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