AUDUSD Daily Analysis - Tuesday, Sept. 5
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AUD/USD is currently encountering support at the 0.6363 level. If the price breaks below this support level, it could potentially trigger additional downside movement towards the 0.6300 area.
On the other hand, the immediate resistance to monitor is located at 0.6400. A break above this resistance level could bring the price back towards the 0.6521 resistance.
Traders should keep a close eye on the price action in AUD/USD, particularly the behavior around the critical support at 0.6363 and the immediate resistance at 0.6400. This will provide valuable information regarding the potential continuation or reversal of the current price trend.
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