• AUD/USD struggles for directions after reversing from six-week high.
• Below 50 RSI (14), receding bearish bias of MACD signals favor corrective bounce off the key Fibonacci retracement.
• Clear downside break of one-month-old ascending trend line keeps sellers hopeful.

AUD/USD seesaws around 0.6670 as it seeks fresh clues to extend the previous day’s rebound from the 61.8% Fibonacci retracement level of its March-April upside.

Even if the Aussie pair struggles to extend the previous day’s recovery from the key Fibonacci retracement, also known as the “golden ratio”, a sustained downside break of the one-month-old ascending trend line, now immediate resistance near 0.6690, keeps bears hopeful.

Also challenging the AUD/USD buyers is the recently easing RSI (14) line, suggesting dip-buying, as well as the improving MACD line from the bearish territory.