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The AUD/USD pair has confirmed a break below the 0.6640 level, indicating further negative trades and reaching the 0.6600 barrier. Today, the price is starting with additional declines, approaching the anticipated target of 0.6570. It appears that the path is clear to surpass this level, aiming for additional negative targets of 0.6500 in the near term.
Therefore, we maintain a bearish outlook for the coming period. However, it should be noted that breaching the 0.6640 level will halt the negative scenario and potentially lead to recovery attempts on an intraday basis.
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For today, the expected trading range is between the support level of 0.6535 and the resistance level of 0.6640.
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Trend Forecast: Bearish
