AnalysHandelsvarorTechnical Analysis of AUD/USD

Technical Analysis of AUD/USD

The Australian dollar has experienced a strong decline in recent trading sessions, breaking below the lower boundary of the rectangle. Currently, if the price remains below this level around 0.6570 and stays below it, there will be a strong selling opportunity with targets reaching 0.6500 as the first objective. However, if the price rises and breaks above these levels, an upward movement is more likely.

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