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PHby u/pip_hunter_ola·7hAnalysis

AUDUSD: Monitoring the 0.6900 Level

Watching $AUDUSD closely around the 0.6900 mark. After the recent dip, it's trying to reclaim that level, which acted as support a few times last week. If it consolidates above 0.6900, especially after a couple of daily closes, it could indicate a potential move towards 0.6930-0.6950 resistance. However, a decisive break and hold below the current daily low of 0.68752 would invalidate that short-term view for me, suggesting more downside towards 0.6850 is likely. Just my read on the charts today, could be completely off.

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