AUDUSD continues to fall inside the daily downward correction which started earlier from the resistance area lying between the multi-month resistance level 0.70200 (which stopped the daily uptrend December of 2018), and the upper daily Bollinger Band. The pair just broke the extended daily Rising Wedge – which should add to the bearish pressure on AUDUSD. Given the strong bearish sentiment affecting the Australian dollar at the moment – AUDUSD is likely to fall further toward the next support level 0.67000 (former monthly high from March). Strong resistance remains at the resistance level 0.70200.
AUDUSD falling inside daily correction; Likely to reach to 0.67000
