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The AUD/USD exchange rate has reached the anticipated target of $0.6640. As of today, the pair has started with a bearish bias, breaking below this level and attempting to maintain its position under it. This supports the expectation of a continued bearish trend in the near term, with the next target set at $0.6570.
The EMA50 continues to exert negative pressure, reinforcing the bearish outlook. Should the price fail to stay below $0.6640, there may be a recovery attempt, potentially leading to a test of the $0.6728 level in the short term.
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The expected trading range for today is between $0.6580 for support and $0.6680 for resistance.
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Trend Forecast: Bearish
