AUDUSD more room to the downside

11 ביולי 2021

Right on the chart you can see AUDUSD seems moving within a downward channel. The area between 0.7530 & 0.7510 is a swing low area. I have a strong sense that market might go down from there to 0.7450 area. After that it can show consoliadtion. But my bias is bearish until it breaks the lower high formation. Also by removing the lower low, 0.74 area, will push market even lower.