Trend- Down
Sentiment- Bearish
On Friday, AUD/USD experienced a sharp decline, breaching a key support level at 0.6525 and ending the week below it, resulting in a bearish technical signal for the pair. Should the downward momentum persist in upcoming trading sessions, the next support levels to watch are 0.6460 and 0.6395.
Conversely, if market sentiment improves and the Australian dollar undergoes a reversal, resistance levels can be identified at 0.6525, followed by 0.6575 and 0.6600. Overcoming these resistance levels may prove challenging for bulls, but a successful breach could lead to a potential retest of the 0.6625 region
Sentiment- Bearish
On Friday, AUD/USD experienced a sharp decline, breaching a key support level at 0.6525 and ending the week below it, resulting in a bearish technical signal for the pair. Should the downward momentum persist in upcoming trading sessions, the next support levels to watch are 0.6460 and 0.6395.
Conversely, if market sentiment improves and the Australian dollar undergoes a reversal, resistance levels can be identified at 0.6525, followed by 0.6575 and 0.6600. Overcoming these resistance levels may prove challenging for bulls, but a successful breach could lead to a potential retest of the 0.6625 region