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The AUDUSD currency pair has begun today with a significant decline, reaching our target level at $0.6500 and testing its breach. This development supports the likelihood of extending the bearish trend, with additional targets now set at $0.6410.
The bearish outlook remains intact for the near term. However, if the $0.6500 level holds firm against selling pressure, the pair may experience a rebound to the $0.6570 region before resuming its downward trajectory.
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Today’s anticipated trading range is between $0.6450 support and $0.6550 resistance.
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Trend Forecast: Bearish
