AUDUSD is trading in a bearish trend on a daily. After the first bearish impulse, the market was consolidating for quite a long period of time within a horizontal trading range.
The support of the range was finally broken this week. It is an important sign of strength of the sellers.
The pair will most likely keep falling. Goals will be: 0.64 / 0.63
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.