AUD/USD Price Analysis: Attempts a bounce but technicals remain in favor of bears

AUD/USD bounces off a dip to multi-week lows of 0.7315.
2021 lows stay in sight amid a descending triangle breakdown on the 4H chart.
0.7365 will project the avenue to healing as RSI stays bearish.
AUD/USD is attempting a jump from three-week lows of 0.7315, as it appears to recapture the 0.7350 psychological level.

Despite the modern-day leg higher, the draw back seems greater compelling for the aussie, thinking about that a descending triangle breakdown was once charted on the four-hour sticks.

The foreign money pair closed the four-hourly candlestick under the horizontal trendline aid at 0.7328, yielding a draw back breakout from the triangle.

Therefore, a check of the 2021 lows of 0.7288 stays nicely on the playing cards if the 0.7300 assist offers way.

The Relative Strength Index (RSI) edges slightly decrease under the central line, allowing room for extra declines.


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