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2025-11-03 19:19:59
[AUD/USD Technical Analysis] Observing the 30-minute candlestick chart, the AUD/USD exchange rate is currently trading within a range of 0.6540 to 0.6560. Structurally, the price has formed the initial stages of a double top pattern at 0.6559 and 0.6562, these two highs forming a short-term resistance zone. Meanwhile, the horizontal support line at 0.6540 serves as a crucial defense line for the bulls. From the candlestick pattern, recent price fluctuations have narrowed, with multiple attempts to break through the upper and lower limits of the trading range failing, indicating a stalemate between bulls and bears in this area. This convergence often foreshadows a directional breakout, but the direction of the breakout still needs further confirmation. Overall, technical indicators suggest that the AUD/USD will likely maintain a range-bound trading pattern in the short term. The resistance zone above 0.6560 and the support line below 0.6540 together define the current trading range. If the exchange rate can break through 0.6560 with significant volume, it could open up upward potential towards 0.6580 or even 0.6600. Conversely, if the price breaks below the 0.6540 support level, it may retest the 0.6532 low and then challenge the psychological level of 0.6500.
