The AUD/USD pair is currently in a bearish trend, suggesting a potential continuation of the downtrend towards the first support level at 0.6548. This level aligns with the 61.8% Fibonacci retracement and serves as an important level in retracements. The second support level at 0.6389, corresponding to the 78.6% Fibonacci retracement, could also act as a significant support level. On the upside, the first resistance at 0.6792 represents a multi-swing high resistance, while the second resistance at 0.6893 acts as a pullback resistance. In between, an intermediate support at 0.6626, also at the 78.6% Fibonacci retracement, plays a crucial role in potentially halting further price declines.
