FX.co ★ Noahh | AUD/USD

AUDUSD Trend Outlook: The AUD/USD currency pairs price behavior analysis is currently up for discussion. The pair continues to show bearish momentum, with selling pressure creating challenges for buyers. While the trend on the hourly chart still leans toward a northern bias, recent price declines signal underlying weakness. The pair is in a broad buying zone, so its premature to discount the bulls entirely. However, further resistance and seller strength tests are essential to confirm the direction. The bears have the upper hand for now, and any bullish movement would likely be to corrections. A decisive breakout of the mentioned resistance and support zones will determine whether the pair sustains its downward trajectory or stages a recovery. Such a move might even test last weeks highs, though the likelihood of this outcome appears slim given the current bearish dominance. An alternative scenario involves the pair reclaiming the bearish baseline at 0.70345, which could lead to growth toward the ROS resistance at 0.70769. Indicators on the hourly time frame point to a downtrend. The pair hovers around the 0.69969 price level, and a break below this resistance is likely to push the price lower.

If the pair breaches the 0.69723 resistance and holds below it, further declines are possible toward the next target level. Conversely, failure to break below 0.69723 may result in a pullback to the support level near 0.70296. Yesterday, the Australian dollar remained under pressure, with AUD/USD firmly anchored below the bearish baseline of 0.70345 on the M30 chart. Sellers have already hit their immediate target of 0.70007, part of the first impulse zone. If the price stabilizes above the resistance level at 0.70097, it could trigger a bullish pullback toward 0.70317, though another decline from that level remains probable. A second breakdown of the 0.70007 support could pave the way for a deeper descent to the lower boundary of the first zone at 0.69807, potentially reaching the next impulse zone at 0.69477.