FX.co ★ AUD/USD

On the 30-minute timeframe for the AUDUSD pair, the price is currently in a consolidation phase, forming a range before a potential impulsive move. The market is currently balancing between buyers and sellers, and the key factor will be the breakout from the current range. Such structures often lead to acceleration in movement after breaking the boundary. Based on the current scenario, the following scenarios are possible: If there is a downside breakout and a close below the consolidation support, then the movement will continue south towards the target of 0.6835. If there is an upside breakout and a close above the range resistance, then the price may continue to rise towards the level of 0.6977.