AUDUSD at a key support level
The AUDUSD has continued its slide to the downside as the price approaches the near-term low of 0.6640.
Look for continual strength of the DXY to weigh on the AUDUSD, bringing the price lower beyond the previous swing low (17th November) and 38.20% fib level.
With no major news for the AUDUSD, if the price breaks beyond the current price level of 0.6640, the AUDUSD could fall significantly lower toward the next support level of 0.6520.
Alternatively, if the price fails to break the support level, the AUDUSD could continue to range between 0.6640 and 0.68
Look for continual strength of the DXY to weigh on the AUDUSD, bringing the price lower beyond the previous swing low (17th November) and 38.20% fib level.
With no major news for the AUDUSD, if the price breaks beyond the current price level of 0.6640, the AUDUSD could fall significantly lower toward the next support level of 0.6520.
Alternatively, if the price fails to break the support level, the AUDUSD could continue to range between 0.6640 and 0.68
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