AUDUSD Analysis – October 2, 2023

AUD/USD has faced rejection at the 0.6521 resistance level once again and remains in a trading range between 0.6330 and 0.6521.

Given the failed breakout attempt, there is a likelihood of another decline towards the 0.6330 support level in the coming days.

Traders should pay close attention to the price action within this range and monitor for potential breakouts or reversals. A sustained move below 0.6330 could indicate further downside momentum.