AUDUSD 15MIN Chart
The overall trend is down.
This is because the price has been making lower highs and lower lows over time.
The most recent high was around 0.70500 on June 7, 2024, and the price has been declining since then.
Based on the downtrend and the recent break below the support level at 0.66500, it is possible that the price could continue to decline in the short term.
It is important to remember that technical analysis is not a perfect science and there is no guarantee that the price will move in the direction that is predicted. You should always do your own research before making any investment decisions.
This is because the price has been making lower highs and lower lows over time.
The most recent high was around 0.70500 on June 7, 2024, and the price has been declining since then.
Based on the downtrend and the recent break below the support level at 0.66500, it is possible that the price could continue to decline in the short term.
It is important to remember that technical analysis is not a perfect science and there is no guarantee that the price will move in the direction that is predicted. You should always do your own research before making any investment decisions.
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