AUD consolidating losses below the 100DMA and daily cloud top

The 10DMA is poised to drop under the 100DMA

The underlying bias remains bearish and targets the 200DMA, 0.6628

Initial support provided by the consolidation lows around 0.6650

Resistance at the daily cloud top, 0.6709, and 0.6722, Oct. 21 high

We see risk to the August lows around 0.6450

AUD/USD Trader TGM2347

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