AUD/USD:Targeting 0.6600 Level as Price Shows Signs of decline

Short

Australian Dollar / U.S. Dollar (FX:AUDUSD)

Updated

FX:AUDUSD Australian Dollar / U.S. Dollar

Trend Analysis Technical Indicators AUDUSD

trendanalysis indicator audusd

At present, the AUD/USD currency pair faces an increased likelihood of further decline. As the price approaches the resistance level around 0.6900, it initiated a fresh downward movement following a rebound from this particular area of resistance. Currently, the price appears to be descending, and our primary focus lies on the target level near 0.6600.

Trade closed: target reached:

snapshot

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