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AUDUSD Price Analysis
The AUDUSD price is currently experiencing negative pressure, aiming to break below the crucial support level at $0.6640. If this level is breached successfully, the price is expected to continue its decline in the upcoming sessions, targeting the $0.6570 area as the next significant support zone.
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Expected Scenario
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Today, the bias for the AUDUSD pair is bearish. Traders should anticipate further downward movement, contingent upon the price remaining below the $0.6640 level. Re-establishing above this level, however, could revive a bullish momentum with a potential target around $0.6728.
Expected Trading Range
- Support: $0.6575
- Resistance: $0.6680
Trend Forecast: Bearish
