AUD/USD Price Analysis: Bulls rest up at 50% mean reversion target By ross_burland AUDUSD Technical Analysis
The bulls are testing bear's commitments at daily resistance. , the bulls have moved in to the target area on the daily chart as follows:The price could now struggle at this juncture and if the bears commit at a diocount, then we coudl see a follow though into the weekly targt areas for the forseeible future:The bears will be looking to the 0.68 figure to mitigate the price imbalance between 0.6776 and 0.6828 ahead of 0.6536.
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