AUDUSD recently reversed down from the resistance area lying between the key resistance level 0.69250 (top of the previous impulse wave 1), upper daily Bollinger Band and the 61.8% Fibonacci correction of the previous sharp downward impulse wave from July. Given the strengthening bearish Australian dollar sentiment seen across the markets today – AUDUSD is likely to remain under the bearish pressure and extend the losses toward the next support level 0.68500 (former resistance from the start of December).
AUDUSD reversed from 0.96250 resistance area; Likely to fall to 0.68500
