- AUD/USD risks falling to the 50-day MA support in the next few hours.
- The daily chart shows repeated failure at key Fib level of 0.6880.
The currency pair picked up a bid below 0.67 on Sept. 3, but the ensuing rally ran out of steam near 0.6880 (50% Fib R of 0.7082/0.6677) last week.
Hence, a pullback could be in the offing, possibly to the 50-day moving average (MA) support, currently at 0.6943.
As of writing, the pair is trading at 0.6861, representing a 0.05% drop on the day, having hit a high of 0.6870 earlier today.