The Australian dollar is bearish in the short term.

The AUDUSD pair has returned to its short-term downtrend after a short correction.

The downtrend started at 0.8006 continues and the pair can move to the price floor of 0.6966. If this price floor breaks, AUDUSD will reach its next target at 0.6755.

From the buyers’ point of view, if the pair reaches above the partial resistance of 0.7179, the market will suffer.


* Technical H4 analysis of AUDUSD


* Technical daily analysis of AUDUSD