The 4-hour chart for AUDUSD shows consolidation below the 0.6550 level, reflecting market uncertainty. Immediate support lies at 0.6440, and a break below this level could push the pair toward 0.6380 and 0.6320.
Since the pair failed to break above 0.6650, bearish pressure is developing, and a drop below 0.6320 would confirm further downside. On the other hand, a breakout above 0.6550 would signal short-term bullish momentum and open the door for additional upside.
The daily chart shows strong price fluctuations, with the pair rebounding from the long-term support at 0.6170. Recent moves have pushed the price below the 50-day SMA, though it remains above the 200-day SMA. This setup reflects uncertainty, as a break below the 200-day SMA at 0.6390 would be bearish and signal further downside in the pair.
