AUDUSD bearish extension bias
· A better bounce effort than we had anticipated Wednesday, through minor, initial resistance at .9290, but the capped by a cluster of pivotal/ retrace/ trend barriers in the .9322/30 area we had flagged.
· Whilst capped here, we see bias for a roll back lower to the range, for a move back to .9260 and maybe then more notable supports at .9240/30.
· Moreover, the risk is still lower through, mid-August and we aim through .9230 for the key .9208/00 area this week.
· Below here sets a bigger top for .9180 and .9080.
WHAT CHANGES THIS?
· Above .9325 eases bear risks; through .9375 signals a neutral tone, only shifting positive above .9472.
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4 Hour AUDUSD Chart
Daily AUDUSD Chart