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The AUD/USD currency pair continues to exert downward pressure on the $0.6500 support level, with a potential break below this point likely to drive the price towards the next target of $0.6410. The presence of the EMA50 indicates ongoing negative pressure, reinforcing the expectation of a continued decline. This bearish outlook will persist unless the price manages to breach and sustain above $0.6570.
Today’s anticipated trading range is between $0.6450 and $0.6550.
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Trend Outlook: Bearish
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