AUD/USD Price Analysis: Inside day Friday opens risk of a lower close on Monday, 0.7050 eyed AUDUSD Technical Analysis
If Asia opens on the offer then a downside extension to test the previous day's lows near 0.7080 and then 0.7070 is eyed.The daily average true range is around 80 pips, so a move much higher than 0.7130 would not be expected from a bearish perspective.
During the last hours of Friday's business, there was a pump up from the lows of the day as follows: This leaves risks of a move towards 0.7050 for the initial balance for the week. The daily average true range is around 80 pips, so a move much higher than 0.7130 would not be expected whereas 0.7050 is eyed in this bearish thesis.
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