FX.co ★ AUD/USD

In my brief forecast for today for this trading instrument AUDUSD, I expect a further decline of the currency pair to the next resistance level. Most indicators on the hourly timeframe point to a decline of the currency pair to the next resistance level. The overall trend on the 1-hour chart remains bearish. On the 1-hour chart we see that the AUDUSD currency pair is near the resistance price level of 0.68639. Today I expect a breakout of this resistance level 0.68639 and a further decline of the currency pair to the next resistance level 0.68287. If this AUDUSD currency pair manages to break through this resistance level 0.68287 and consolidate below it, then I will expect a further decline of the currency pair to the next resistance level. But if this AUDUSD currency pair fails to break through this resistance level 0.68287 and consolidate below it, then I will expect a pullback of the currency pair to the support level 0.68923.