3
The AUD/USD has successfully reached the first target at $0.6440, continuing its downward movement as the pair resumes negative trading. The next target is positioned at $0.6355, with further decline expected on both intraday and short-term bases.
The bearish trend is reinforced by the ongoing bearish channel. However, if the price breaks above $0.6515, followed by $0.6530, the expected downtrend will be invalidated, potentially leading to a bullish correction.
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The anticipated trading range for today is between $0.6410 for support and $0.6500 for resistance.
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Trend Forecast: Bearish
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