Yesterday the pair AUD/USD traded in different directions in the range of 0.6360-0.6405 and closed the day without significant changes. Today the pair fell a little, dropping to the level of 0.6365. On the hourly chart, AUD/USD is still trading below the moving average line MA (200) H1 (0.6440). The situation is similar on the four-hour chart. Based on the foregoing, it is probably worth sticking to the south direction in trading, and while the pair remains below MA 200 H1, it may be necessary to look for entry points to sell for the formation of a correction.
Probably, the main scenario is continuation of the downward movement towards 0.6360 (Sep 6 low).
The alternative scenario is consolidation above MA 200 H1 followed by rise to 0.6520 (Sep 1 high).
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