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