AUD/USD remains in a downtrend, facing multiple rejections from the falling trendline. The price is currently retesting the breakdown of a key support level.
If it fails to break above the marked green zone, we could see a potential downward move toward the previous swing low.
If it fails to break above the marked green zone, we could see a potential downward move toward the previous swing low.
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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.