The AUDUSD pair is currently trading at around 0.63, which is close to the lower bound of the downtrend channel. If the pair breaks below this level, it could lead to further losses. However, there is a support level at 0.63, which is likely to provide some support to the AUDUSD pair in the near term.
In the 1-day chart, the AUDUSD pair is moving in a downtrend channel, but the support level of 0.63, which is pushing the trend in an upward direction. There is also a possibility of a breakout downside, which suggests that the AUDUSD pair may continue to fall in the near term.
Keep AUDUSD in close watch and for short-term profit one can buy till 0.65
In the 1-day chart, the AUDUSD pair is moving in a downtrend channel, but the support level of 0.63, which is pushing the trend in an upward direction. There is also a possibility of a breakout downside, which suggests that the AUDUSD pair may continue to fall in the near term.
Keep AUDUSD in close watch and for short-term profit one can buy till 0.65