• AUD/USD bulls are in charge at the start of the week but bears are lurking. 
• The US Dollar bulls need to show up to enable the Aussie is going to break the downside structure. 

As per the start of the week's analysis, AUD/USD Price Analysis: Bulls eye 0.7020, bears target a break of H1 structure, 0.6910 and then AUD/USD starts off bid and eyes are on 0.7000/20, we have seen the initial balance continue to run higher, a touch above the 0.7020 stop hunt area into 0.7039 so far.

The bears are now on the lookout for the US dollar to firm up and how who is still the boss of the forex board. that might be a tall order considering the market's speculation that the Federal Reserve is on the verge of a major pivot, but the technicals speak for themselves. 

The following illustrates the prospects for a downside correction in AUD/USD should all of the stars align this week, considering the red news scheduled on both the Aussie and US calendar.