Resistance at 0.67415: AUDUSD at Risk of a Deep Decline
The 4H chart of AUDUSD shows the price facing a significant resistance zone around 0.67415, where the EMA 34 acts as a dynamic resistance.
EMA 34 and EMA 89 play crucial roles in the short-term trend, with the price fluctuating between these levels and possibly facing downward pressure if it fails to break through the resistance.
A key support zone is clearly marked at 0.66800, and if the price breaks this level, it is likely to continue its deeper decline.
In terms of news: The Australian Dollar is often affected by economic indicators from China, especially production and export data. Any negative factors from China's economy may further weaken the AUD.
EMA 34 and EMA 89 play crucial roles in the short-term trend, with the price fluctuating between these levels and possibly facing downward pressure if it fails to break through the resistance.
A key support zone is clearly marked at 0.66800, and if the price breaks this level, it is likely to continue its deeper decline.
In terms of news: The Australian Dollar is often affected by economic indicators from China, especially production and export data. Any negative factors from China's economy may further weaken the AUD.
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