AUD/USD Downtrend Intensifies: Next Support in Focus
The AUD/USD pair remains under bearish pressure after failing to hold key support at 0.6286.
With a confirmed rejection from the 0.6380 resistance level, the pair is poised for a deeper technical correction, targeting the 0.6181 Fibonacci level as the next key support. Read on for insights and updated targets.
AUD/USD has confirmed a significant breakdown below 0.6286, marking a critical bearish continuation signal. This rejection from 0.6380 resistance, combined with a series of lower highs, suggests further downside potential. Based on the Cross-price Matrix Key-levels, the next major support zone aligns with 0.6181, which serves as the immediate target for sellers.
As of today [24.03.25], AUD/USD is trading around 0.6284, struggling to regain upside momentum. The ongoing selling pressure reinforces the bearish outlook, with further declines anticipated toward the 0.6181 support zone. If bearish momentum persists, the next significant downside targets include 0.6090, a critical psychological level, represented by the previouse major low. suggested stop-loss level is set around 0.6385, aligned with key resistance.
AUD/USD Market Dynamics and Outlook
Despite short-term bearishness, AUD/USD remains influenced by broader macroeconomic factors, including Federal Reserve policy expectations and Australian economic performance. However, the technical structure currently favors the downside, with sellers maintaining control below 0.6286.
Fundamental Catalysts
- Key Resistance Rejection: The pair failed to hold above 0.6380, reinforcing the bearish trend.
- Breakdown Below Major Support: The confirmed break below 0.6286 signals further downside risk.
- Cross-price Matrix Targets: The next critical level sits at 0.6181, followed by 0.6090 in an extended decline scenario.
Key Price Levels
- Previous Support (Broken): 0.6286
- Next Major Support: 0.6181 (Key Fibonacci level)
- Extended Downside Target: 0.6090 (Previous Major Low)
- Stop-Loss Level: 0.6385
As long as AUD/USD remains below 0.6286, the bearish outlook remains intact. The 0.6181 support level will serve as a key test for potential stabilization or a continuation toward lower CPM levels. Traders should monitor price action for further confirmation of downside momentum or reversal signals.
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