AUD/USD: Decline could extend on a break below 0.6460/0.6410 – SocGen

AUD/USD: Decline could extend on a break below 0.6460/0.6410 – SocGen AUDUSD Technical Analysis Banks

AUD/USD failed to overcome the confluence of resistances near 0.6900 representing the peak of June and a multi-month descending trend line resulting in a swift decline. It is gradually drifting towards potential support from low of May near 0.6460/0.6410.

In case the pair establishes below 0.6460/0.6410, the decline could extend. Next objectives would be at 0.6350 and projections of 0.6200. Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.

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