AUDUSD → Price is getting ready to break support

2024-03-29 08:33 FOREX forecast

💡Ideas For AUDUSD 🇦🇺🇺🇸

📈 AUDUSD → Price is getting ready to break support

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AUDUSD is forming a downtrend amid the growing dollar index. The currency pair is under pressure from sellers

Support level 0.64039 is forming on D1, which continues to hold the market. But, the buyers' urge may be broken, as the price continues to squeeze to the support and is gaining potential for this. On the background of the rising USD and weakening Aussie, the sellers have high chances. The target in this case will be the area of 0.6443 and 0.6352.

Resistance levels: 0.6540

Support levels: 0.6504, 0.6443

Technically, the currency pair has a negative background and most likely the decline will continue. A break of this support will give a bearish impulse.

R. Linda

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