14
Dec
The AUD/USD pair faced sustained downward pressure last Friday, closing at 0.6350, its lowest level since August 2024. This marks an important area for traders, as the pair continues its bearish trend, with sellers in control. Technical Analysis On the H4 chart, the AUD/USD pair remains firmly in a downtrend, marked by a series of lower lows and lower highs. Both the 50 EMA and 200 EMA are acting as dynamic resistance, limiting any potential upside movements. Support Levels: The immediate downside target is the 0.6260 level, which aligns with the low from September 2023. A break below this level…