AUDUSD Daily Analysis – September 6, 2023

AUD/USD has recently broken below the support level at 0.6363.

This breakdown suggests that further decline is likely in the coming days, with the next target potentially being in the 0.6300 area.

The immediate resistance level to watch is located at 0.6400. If the price manages to break above this level, it could indicate a potential retracement towards the 0.6521 resistance level.

Traders should closely monitor the price action in AUD/USD, focusing on the downside movement following the break below 0.6363, the support turned resistance at 0.6400, and the potential target zone around 0.6300. These key levels will provide important insights into the potential continuation or reversal of the AUD/USD price trend.