AUD/USD Forecast: Continues to See Overhead Pressure

The AUDUSD made an initial attempt to rally during Monday's trading session but encountered significant resistance near the 0.66 level- Forex Forecast

In case of a downward move, the 0.65 level holds importance as it has previously served as a support level and holds psychological significance due to its round value. If this level is breached, the next target might be the 0.64 level, which has also exhibited significant importance in the past.

Given the recent sessions' price action, it is probable that sellers will step in, leading to renewed downward pressure. Highlight the importance of closely monitoring global economic developments and central bank policies when trading the Australian dollar. Market sentiment, geopolitical events, and changes in commodity prices can all significantly impact the currency's performance.

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