AUD/USD Weekly Report: Downward Pressure Persists
The AUD/USD currency pair has resumed its decline from a high of 0.6941, reaching a low of 0.6371 last week. Initial bias for this week remains on the downside, targeting the support level at 0.6348.
This scenario presents an opportunity for traders to evaluate potential strategies in a bearish market environment.
In summary, AUD/USD remains under downward pressure, and market participants should prepare for developing trends.
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