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AUDUSD Risk Remains Lower Towards 0.6700 Support Zone

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Dollar Australia / Dollar AS (FX:AUDUSD)  
FXTechstrategy  
FX:AUDUSD   Dollar Australia / Dollar AS
Trend Analysis Harmonic Patterns Chart Patterns Forex forextrading Fibonacci Retracement
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trendanalysis harmonicpatterns chartpattern forex forextrading fibonacciretracement
AUDUSD threatens further downside pressure as it looks to decline further towards the 0.6700 support zone. On the downside, resistance lies at the 1.6650 level. A cut through here will turn focus to the 0.6600 level and then the 0.6550 level where a violation will set the stage for a retarget of the 0.6500 level. Its daily RSI is bearish and pointing lower suggesting further weakness. Conversely, resistance lies at the 0.6800 level where a breach will aim at the 0.6850 level. Below here will open the door for a run at the 0.6900 level and then the 0.6950 level. On the whole, AUDUSD faces further downside threats
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