The AUD/USD chart suggests a potential bearish scenario with a focus on a continuation towards the 1st support level. Here are the key support and resistance levels:
Resistance Levels:
The 1st resistance level at 0.6613 is identified as a "Pullback resistance", this level could act as a significant barrier to further upward movement.
The 2nd resistance level at 0.6656 is also labeled as a "Pullback resistance". It represents another level where selling pressure could emerge and hinder the price from moving higher.
Support Levels:
The 1st support level at 0.6533 is a crucial support zone, marked as a "Pullback support". This level may attract buying interest and potentially act as a floor for the price.
The 2nd support level at 0.6461 is also labeled as a "Pullback support". It serves as an additional support zone where traders might consider entering long positions.
