AUD/USD Technical Analysis: Confirms a fresh bearish break through a flag chart pattern

   •  The pair struggled to capitalize on late-Friday/early Monday attempted recovery move and remains within striking distance of over one-month lows set in the previous session.

   •  Given last week's slump, the corrective bounce along an ascending trend-channel constituted towards the formation of a bearish continuation flag chart pattern on the 1-hourly chart.

   •  With technical indicators on hourly/daily charts holding in the bearish territory, weakness below the said trend-channel now seems to have confirmed a fresh bearish breakdown.

   •  Hence, a follow-through weakness, possibly towards challenging the key 0.7000 psychological mark, amid resurfacing US-China trade tensions, now looks a distinct possibility.

AUD/USD 1-hourly chart