AUD/USD Price Analysis: Bears could be on the prowl for the open

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AUD/USD Price Analysis: Bears could be on the prowl for the open By ross_burland AUDUSD Technical Analysis

The bears are lurking at a 50% mean reversion resistance level. , while below resistance on the daily chart, there is a bias to the downside. The above illustrates a bearish bias. The price is bounded by support and resistance but a break of support would be expected to confirm the downside towards the 0.6700 area.

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