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The AUD/USD currency pair has successfully reached the anticipated target of $0.6570. Following this achievement, the price has moved lower, breaking through this level and closing the last four-hour candlestick beneath it. This development supports the expectation of a continued bearish trend, with the next major target set at $0.6500.
Looking ahead, we anticipate further declines in the coming sessions. However, if the price fails to maintain its position below $0.6570, it could see some upward movement, potentially testing the $0.6640 level before resuming its downward trajectory.
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The expected trading range for today is between the support level of $0.6500 and the resistance level of $0.6590.
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Trend Forecast: Bearish
