The AUDUSD has moved to a new low going back to March 5, and in the process has broken below its 61.8% retracement of the move up from the October 2023 low. That level comes in at a natural target at 0.64995 (call it 0.6500). The level now represents a short-term bias/risk-defining level for sellers looking for more downside momentum.On the downside, the X target comes against the March 5 low at 0.64769. From there traders will start to pick away at the other swing lows from 2024 including the February 5 low at 0.64687, and the February 14 low at 0.64417 (the low price for the year).On a move back above the 0.6500 level there is the high of a swing area at 0.65108, which if broken on the top
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