AUD/USD Forecast: Analyzing the Future Outlook
The AUDUSD pair hasn't been moving much lately, which confirms that the bearish trend, or the expectation for prices to go down, is still in place for the near future. We believe this because a line called EMA50 is pushing prices down, and we're aiming for a target of 0.6300 as our main goal. To keep this expected downtrend going, it's crucial for prices to stay below 0.6400.
On Friday, we saw that the expected range of trading was between 0.6320 as the lowest point and 0.6410 as the highest point. It's important to watch these levels closely as you make your way through the market.
On Friday, we saw that the expected range of trading was between 0.6320 as the lowest point and 0.6410 as the highest point. It's important to watch these levels closely as you make your way through the market.
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