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Analysis: AUDUSD Trends and Support Levels

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Hello Everyone,

We've reached the lows of AUDUSD across the 1-day, 1-week, 1-month, and 3-month time range. Presently, the trend indicates a strong bearish sentiment. However, despite this bearish tone, on higher timeframes, AUDUSD appears to be maintaining a neutral stance and isn't oversold. We could either witness a reversal from this current position or a comprehensive test of the 1Y support structure. We've outlined a detailed support structure across different timeframes to gain a clearer understanding of the ongoing situation.

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