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AUDUSD: Technical analysis of AUDUSD on October 26
After failing to overcome resistance and touching below the psychological level of 0.6400, AUD/USD fell rapidly to the 2023 bottom around 0.6300. While it is possible that prices could stall in this zone, it could open the door to a drop to last year's low of 0.6170.
On the other hand, if the buyers return then the first level of resistance will appear at 0.6350, overcoming this mark will bring progress towards 0.6400. And it will be bolder if the bulls attack the 0.6460 mark and take the price to 0.6510.
On the other hand, if the buyers return then the first level of resistance will appear at 0.6350, overcoming this mark will bring progress towards 0.6400. And it will be bolder if the bulls attack the 0.6460 mark and take the price to 0.6510.
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