AUD/USD Price Analysis: Bears move in again, 0.69 the figure eyed

  • AUD/USD bears sinkinging their teeth in a risk-off setting. 
  • Bears eye a run to test 0.69 and 0.68 the figure. 

AUD/USD is under pressure and making fresh lows at 0.6914, on the verge of a break of 0.69 the figure. The risk-off sentiment is building this week and the techncial s are compelling for the days ahead. The following illustrates the bearish bias on the weekly and daily charts. 

AUD/USD weekly chart

There is little in the way until 0.68 the figure according to the weekly chart. 

AUD/USD daily chart

The price is already breaking the daily support.

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