FX.co ★ AUD/USD

Hello traders, this morning buyers confirmed their weakness when they pushed the price up to the resistance level at 0.6871 but failed to break above it. Currently trading at 0.6844, we are only confirming the breakout of the four-hour trading range and Envelopes indicator, while also confirming the establishment of a selling zone on the hourly timeframe. This is a clear signal for a continuation of the price drop for the AUD/USD pair today, with the target for the anticipated decline being the support level at 0.6799, where the bottom of the envelope on the hourly scale is currently located.