AUD/USD bounced sharply off the Nov. 6 low, the bounce extended Nov. 7

Pair traded above 10-, 21- & 200-DMAs as well as the daily cloud base

AUD/USD's rally pierced the 38.2% Fib of the 0.69435-0.6513 drop

Upward momentum stalled, offers emerged near 0.6690/95 resistance

Today AUD/USD fell & erased nearly two-thirds of the Nov. 6 to 7 rally

Pair traded back below the daily cloud and 5-, 21- & 200-DMAs

Daily, monthly RSIs turned down, monthly inverted hammer is forming

Support sits near 0.6510, if breaks Aug. 6 daily low is then in focus

August's monthly low at 0.63485 may be target if that daily low breaks

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