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AUDUSD Declines, Watch 0.6640 and 0.6690
The current AUDUSD chart shows a short-term downtrend as the price trades below the EMA 34 and EMA 89, indicating that selling pressure remains dominant.
The key support level is at 0.6640 USDT, while the nearest resistance is at 0.6690 USDT.
The price is expected to correct towards the support before potentially rebounding, but failure to break resistance may result in a retest of the support level.
The market is also heavily influenced by factors such as the Fed's interest rate decisions and economic data from Australia, which could cause significant short-term volatility.
The key support level is at 0.6640 USDT, while the nearest resistance is at 0.6690 USDT.
The price is expected to correct towards the support before potentially rebounding, but failure to break resistance may result in a retest of the support level.
The market is also heavily influenced by factors such as the Fed's interest rate decisions and economic data from Australia, which could cause significant short-term volatility.
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