AUDUSD H8 | Market View

- AUDUSD broken the bottom level of Ascending channel and considering bearish divergence condition on MACD H4 timeframe, upside movement should be limited by 0.6670 key resistance area , at least on first attempt.
- On the downside, break of 0.6372 support should confirm short term reversal and bring deeper fall to 38.2% retracement of 0.5506 to 0.6569 at 0.6163 first.