AUD/USD holds recovery gains near 0.6400
Updated
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AUD/USD failed to hold above 0.6400 and is approaching September lows around 0.6355. The AUD/USD outlook right now is bearish.
On the 4-hour chart, the trend is bearish and a new low is possible when trading below 0.6425. The next level of support can be found at 0.6365, with the final level of defense before the September low at 0.6355. A break lower could trigger an acceleration, initially targeting 0.6345 and then the next strong support zone at 0.6305.
Support levels: 0.6365 0.6345 0.6305
Resistance: 0.6420 0.6445 0.6475
AUD/USD failed to hold above 0.6400 and is approaching September lows around 0.6355. The AUD/USD outlook right now is bearish.
On the 4-hour chart, the trend is bearish and a new low is possible when trading below 0.6425. The next level of support can be found at 0.6365, with the final level of defense before the September low at 0.6355. A break lower could trigger an acceleration, initially targeting 0.6345 and then the next strong support zone at 0.6305.
Support levels: 0.6365 0.6345 0.6305
Resistance: 0.6420 0.6445 0.6475
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