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The AUD/USD pair remains volatile around the $0.6570 level, maintaining its position below this mark. Currently, stochastic indicators show a negative overlap, which supports the expectation of a continuation of the bearish trend. The next key target for this decline is $0.6500.
Thus, the bearish trend is anticipated to persist on an intraday basis. However, if the price breaks above $0.6570, this would invalidate the expected decline and potentially shift the trend towards an upward movement.
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The expected trading range for today is between $0.6500 (support) and $0.6590 (resistance).
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Trend Forecast: Bearish
