AUDUSD looks to test intraday low for the 5th time

Buyers stall the fall again?

The AUDUSD is down testing the lows for the day for the 5th time at 0.7262-634. The question is "Does the buyers come in again?"

Looking at the snapshot of the major pairs right now, the AUD remains the weakest currency on the day. It is down -0.47% vs the USD and down the most vs the JPY at -0.65%.

Taking a broader look at the daily chart below, the pair broke below a consolidation range on Friday between 0.73099 and 0.74844. Today the high reached 0.7299 and rotated back lower. So sellers are in control below that level.