AUD/USD Technical Analysis

Note: This section contains information in English only.
Source: Dukascopy Bank SA
The daily candlestick chart for AUD/USD shows a clear descending channel, with price action currently testing the lower boundary support after a sustained period of lower highs and lower lows. The pair recently closed at 0.68886, exhibiting compressed candle bodies that suggest immediate selling momentum may be stalling near structural support.



A decisive break below the immediate horizontal floor at 0.68400 would open the door for a continuation toward the major psychological level at 0.68000; conversely, if the channel floor holds, a bullish relief rally could trigger a bounce back toward the immediate overhead resistance at 0.69150 and the upper channel boundaries.

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