The AUD/USD exchange rate is currently hovering around the anticipated target of $0.6640, within a bearish channel that suggests the potential for further declines. The price movement indicates a likelihood of breaking below this level, with the next major target set at $0.6570.
The 50-period Exponential Moving Average (EMA50) continues to support the bearish trend, which remains valid as long as the price does not break above $0.6728 and sustain above it.
For today, the expected trading range is between the support level at $0.6600 and the resistance level at $0.6700.
Trend Forecast: Bearish
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