The price low for the day at 0.6232 eyed.
The AUDUSD has taken a dip to the downside and in the process is
now breaking below its low for the day at 0.6228. The low from yesterday reached down to 0.62112. We currently trade at 0.62177.
Selling is intensifying but the lower trend line will be eyed for potential dip buyers a break below, opens up the door for further downside momentum.
On the topside today the price did peek on 3 or so hourly bars above the swing low from Monday straight at 0.63126. However each of those looks above were rejected. In the London morning and New York session the last few highs stalled against that 0.63126 level. That helped to put a lid on the pair.
