AUDUSD TEMPORARY UPTREND AND CONTINUATION OF BEARISH TREND
The price has been in a downtrend since 2011, with lower highs and lower lows. The market is near a support zone around 0.62 - 0.63, where buying pressure is emerging If support holds, a potential reversal could push the price higher toward resistance levels near 0.69 - 0.70.If support breaks, the price could continue its downtrend towards 0.60 or lower
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.