AUDUSD M30: Bearish outlook seen, further downside below 0.6750

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On the M30 time frame, prices are facing bearish pressure from the resistance at 0.6750, in line with the Fibonacci confluence levels. A pullback to the resistance zone at 0.6750 could present an opportunity to play the drop to the support zone at 0.6650. A break below the downside confirmation level at 0.6720 could provide the bearish acceleration in prices to the support zone at 0.6650. Prices are holding below the Ichimoku cloud as well, supporting the bearish bias.

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