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AUDUSD Price Analysis
Expected Scenario
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The AUDUSD price encountered significant negative pressure yesterday, leading to a retest of the key support level at $0.6640. The price has since stabilized above this level and is beginning to rise, driven by positive stochastic indicators. This movement maintains the bullish trend scenario, with an anticipated target of $0.6728.
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Holding above $0.6640 is crucial for the continuation of the expected rise. A break below this level would reverse the trend, potentially pushing the price towards the $0.6570 area in the near term.
Expected Trading Range
- Support: $0.6630
- Resistance: $0.6720
Trend Forecast: Bullish
