AUDUSD with the mid-term focus on the 0.6900 zone

Aussie is still below the 200 SMA H1 chart, with a sideways consolidation pattern formation ongoing, as it could still perform more downside moves to reach new lows.

Currently, AUDUSD is facing off the resistance zone of 0.7052, which could be tested in coming hours, as part of the corrective moves.

However, a breakout below the support level of 0.8069 will expose the pair to test new lows and to reach the key psychological zone of 0.6900 at least.

MACD indicator is turning to neutral.

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