AUDUSD and news effect analysis

Technical analysis of the AUD/USD pair involves examining price charts and using indicators to identify trends and potential price movements. Traders may also use fundamental analysis to evaluate the economic and political factors that could affect the pair.
AUD/USD’s consolidation from 0.6563 is extending and intraday bias remains neutral. On the downside, decisive break of 0.6546 fibonacci level will carry larger bearish implication. On the upside, however, break of 0.6758 resistance will now be a strong signal of bullish reversal and turn bias back to the upside.

Here is the analysis

Thank you for sharing your analysis on AUD/USD and the effect of news on the pair. Your technical analysis approach and consideration of both technical and fundamental factors provide valuable insights for traders. I appreciate the clear explanation of the potential scenarios and the key levels to watch. Keep up the great work and thank you for contributing to the forum with your knowledge and expertise. Looking forward to more insightful posts from you in the future!
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