The AUDUSD price declines strongly – Forecast today - 11-04-2024

AUDUSD Price Analysis

Expected Scenario

• The AUDUSD price sharply bounced downwards after failing to breach the 0.6640$ level.
• It broke the 0.6570$ level and reached 0.6500$ areas, indicating an expected decline in the upcoming sessions.

Expected Outcome

The bearish bias is suggested, with a potential move towards the 0.6410$ level if the 0.6500$ level is breached.

Breaking above 0.6570$ will halt the negative scenario and lead to a potential recovery.

Expected Trading Range

Between 0.6460$ support and 0.6565$ resistance.