AUD/USD and NZD/USD Continue to Decline as Losses Accumulate
On the hourly chart of AUD/USD at FXOpen, the currency pair has struggled to break through the 0.6430 resistance zone. The Australian dollar has embarked on a fresh decline, dropping below the 0.6400 support level against the US dollar. This follows previous market analysis indicating persistent downtrends. Traders should closely monitor this pair as further losses may materialize if support levels fail. Staying informed about global economic developments will be essential for those involved in forex trading. The dynamic nature of forex markets requires careful attention and analysis.
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