As per the prior analysis, AUD/USD Price Analysis: More to come from the bears? the price has continued to deteriorate, and the weekly support is targeted.


As for the daily chart...

The price rallied into the 38.2% Fibonacci retracement area and has started to crumble again as the bears engage, hungry for a lower low and to target the liquidity in the prior resistance that meets with a dynamic trendline support area near the 0.7360s.