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AUDUSD Price Analysis
Expected Scenario
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The AUDUSD price encountered significant resistance at $0.6728, leading to temporary sideways trading. It has stabilized above the $0.6700 barrier, awaiting sufficient positive momentum to breach the aforementioned resistance and aim for the next major target at $0.6800.
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Therefore, our outlook maintains a bullish trend for the near future. However, a break below the $0.6700 support level could prompt a decline, with potential testing around $0.6640 before any renewed upward movement.
Expected Trading Range
Support: $0.6670
Resistance: $0.6770
Trend Forecast: Bullish
