AUD/USD Technical Analysis
On the monthly timeframe, AUD/USD prices are keeping the downward structure after creating a double top around 0.80 and bouncing off the bearish trendline several times. In the medium-long term, unless any unpredictable events happen, I expect the price to fall to the pre-covid area which is around 0.57.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.