AUD/USD remains bearish as it trades under the daily cloud

The Ichimoku cloud currently spans the 0.6646-0.6812 region

Daily momentum remains negative, reinforcing the offered market structure

There is scope for bigger losses towards the 0.6489 Fibo

0.6489 Fibo is a 76.4% retrace of the 0.6349-0.6943 rise

Intra-day recovery moves have broken the tenkan line, now at 0.6616

Those that are bullish need a daily close above the tenkan line

AUD/USD Trader TGM2347. Previous update nL1N3M80H2