AUD/USD Price Analysis: Bulls move in at key support, 0.6720s eyed

• AUD/USD bears are lurking but bulls are stepping in. 
• The price is stalling on the sell-off at a key support area, so a correction is eyed. 

AUD/USD has dropped into support near 0.6690 and is starting to decelerate in the drive lower. A correction could be on the cards as illustrated above. The target areas are in the 0.6720s and then towards 0.6750.

AUD/USD H4 chart

From an hourly perspective, the 50% mean reversion of the prior bearish impulse aligns in the 0.6750s also:

A move into resistance could equate to a downside continuation towards 0.6670 initially.