The AUDUSD tests a cluster of support
0.6955 to 0.69599 has number of technical levels in the AUDUSD
The AUDUSD is down testing lows for the day, and in the process is testing the:
- 50% retracement at 0.69599
- The 200 hour MA at 0.6859
- The swing low area from June 4 adn June 6 at 0.6955-57
The combination of the levels is giving buyers a low risk opportunity to buy. However, on a break, there should be stops and a move further to the downside.