AUDUSD HAS LOOK LIKE BEARISH @ 0.62116

AUDUSD Analysis & Forecast – Bearish Setup with Technical Target at 0.60000

🔶 Market Overview: AUDUSD is showing signs of bearish pressure, with a potential selling zone forming at 0.62122. The technical target for this downward move is around the 0.60000 level. The pair is currently facing a key support level at 0.61937, which may act as a critical point for price action. If the price breaks through this support, further downside momentum towards the 0.60000 target is likely.

📈 Key Levels to Watch:

Resistance Zone: 0.62855
Selling Zone: 0.62122
Technical Target: 0.60000
Support Level: 0.61937
🔶 Price Action & Outlook: AUDUSD has been showing bearish signs, and the selling zone around 0.62122 is likely to offer an opportunity to enter short positions. If the pair breaks the support at 0.61937, further downside toward the 0.60000 target becomes more probable. The resistance zone at 0.62855 remains important to watch for any potential reversal or upward correction. As long as the price remains below the resistance zone, the bearish outlook is intact.