AUD/USD Price Analysis: Bears eye a break to 0.6520

AUD/USD bears stay in charge with eyes on a downside extension.
The pair have made a correction and bears have moved in again.

Ross J Burland FXStreet

As per the prior analysis, AUD/USD falls heavily as bears move in towards the 0.6580s target area, AUD/USD moved in on the target and holds within the region with a bearish bias ahead of the US Nonfarm Payrolls this Friday.

AUD/USD H4 & H1 charts

Prior analysis:

AUD/USD update

AUD/USD has already made a recovery that came in close contact with the 38.2% ratio which leaves prospects of a move to the downside with 0.6520 eyed.

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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