FX.co ★ torp.paris | AUD/USD

I am analyzing the 15-minute chart of the Australian dollar. The pair dropped to the support level at 0.64903, triggering buying limit orders, and the pair moved above the resistance at 0.65306. Previous highs were updated, with buying volume increasing. At that time, I assumed the pair would continue to move higher. The levels to watch were at 0.65939, but then the pair retraced lower, accompanied by selling volume. Currently, after the support at 0.65306 was breached, I do not see strong buying resistance. Therefore, I still anticipate that the pair will move lower, with the next support level at 0.64903.