Last week we showed possible option where bears could step back in the market and this matured at 0.7280.
Now I pull Fibonacci into the other way and I measure a retrace back down to 0.7050. There I see nice confluence area, where price could potentially change it’s direction one more time. There is 61.8% Fibonacci retrace and horizontal support = role reversal area.
Tomorrow we have Caixin Flash Manufacturing PMI news in China, which could affect AUD currency. There is no major red news in US in future 24 hours.