AUDUSD H1: Bearish outlook seen, reversal below 0.6850On the H1 time frame prices are approaching the resistance at 0.6850, in line with the 61.8% Fibonacci retracement level and descending channel’s resistance where a pullback to this zone presents an opportunity to play the drop to the support target at 0.6780. Prices are holding below the 20 EMA as well, indicating bearish bias.
