AUD/USD Price Analysis: Bear flag keeps selling interest alive towards 0.6300 AUDUSD Currencies Technical Analysis RiskAversion Inflation
Broad USD recovery and risk-aversion keep sellers alive is coming under fresh bearish pressures over the last hour, having failed to sustain the renewed upside, as risk-aversion remains at full steam in Asia.
From a short-term technical perspective, the pair remains exposed to further downside risks after it confirmed a bear flag formation on the daily sticks. The pair closed last Thursday below the rising trendline support, then at 0.6421.
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