- AUD/USD Price Analysis: Bears move in again, 0.69 the figure eyed
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10 May 2022
AUD/USD Price Analysis: Bears move in again, 0.69 the figure eyed
- AUD/USD bears sinkinging their teeth in a risk-off setting.
- Bears eye a run to test 0.69 and 0.68 the figure.
AUD/USD is under pressure and making fresh lows at 0.6914, on the verge of a break of 0.69 the figure. The risk-off sentiment is building this week and the techncial s are compelling for the days ahead. The following illustrates the bearish bias on the weekly and daily charts.
AUD/USD weekly chart
There is little in the way until 0.68 the figure according to the weekly chart.
AUD/USD daily chart
The price is already breaking the daily support.
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