AUD/USD Price Analysis: Bearish Pressure Targets 0.64891 and 0.64521 Levels
Muhammad Faraz 
AUDUSD Price Analysis Bearish Pressure Targets 0.64891 and 0.64521 Levels
The Australian Dollar (AUD) against the U.S. Dollar (USD) has been trading within a structured range, with clear support and resistance zones shaping market sentiment. After recent attempts to test higher levels, AUD/USD is now showing signs of bearish pressure. Technical indicators suggest that the pair may retest critical support levels, with potential downside targets at 0.64891 and 0.64521 USD.
Current Market Overview
At the time of analysis, AUD/USD is trading near 0.6512, slightly below its recent highs. Price action indicates sellers are regaining control after repeated failures to break through strong resistance zones around 0.6540 – 0.6560. On the downside, immediate support lies between 0.6480 – 0.6500, a level that has previously attracted strong buying interest.
Strong Support Zone in Play
The chart highlights a Strong Support Zone marked around the 0.6480 – 0.6500 region. This area has historically provided a cushion for the pair, preventing deeper declines. However, repeated testing of support zones often weakens them over time, increasing the likelihood of a breakdown. If the support at 0.64891 fails to hold, the next key level comes in at 0.64521, which forms the second bearish target.
Bearish Target Levels
- First Target: 0.64891 USD
The immediate bearish target is 0.64891, a crucial price point that aligns with prior consolidation and demand areas. A break below this level would confirm increased selling momentum. - Second Target: 0.64521 USD
Should selling pressure extend further, the next downside objective is 0.64521, which marks a deeper support region. This would reflect a stronger bearish continuation pattern, potentially opening doors for further downside if macroeconomic conditions favor the U.S. Dollar.
Volume and Market Sentiment
Volume indicators reveal moderate activity, with spikes during periods of selling pressure. This suggests that bearish sentiment is gaining traction, as sellers step in aggressively near resistance levels. Unless AUD/USD manages to reclaim and sustain levels above 0.6520, the downside remains the path of least resistance.
Technical Outlook
- Resistance Levels: 0.6520, 0.6540, 0.6560
- Support Levels: 0.64891, 0.64521, 0.6420
- Trend Bias: Bearish unless price reclaims higher resistance levels.
Conclusion
AUD/USD remains under pressure, with a strong support zone currently holding the pair above 0.6500. However, repeated attempts to break higher have failed, strengthening the bearish case. Traders should closely monitor 0.64891 as the first downside target, followed by 0.64521 if bearish momentum accelerates. A decisive move below these levels could trigger further downside opportunities, while recovery above 0.6520 would challenge the bearish outlook.
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