The AUDUSD is falling due to the weak performance of CHINA
📌✔️Examining the trend in the four-hour time frame, the Australian dollar/US dollar is fluctuating in a descending channel, and considering the bearish camo cloud and the decline in the moving averages of the ALLIGATOR indicator, there is a possibility of price reduction.
📌✔️Overall, the scenario is strengthened as AUD/USD registers a one-hour candlestick close below the resistance at 0.6481, which could drop to support at the bottom of the descending channel at 0.6405.✔️🎯
📌✔️Overall, the scenario is strengthened as AUD/USD registers a one-hour candlestick close below the resistance at 0.6481, which could drop to support at the bottom of the descending channel at 0.6405.✔️🎯