AUDUSD STRAIGHT TO HIT HISTORIC MINIMUMS

The projection for the AUD/USD pair for November 2024 and beyond suggests several scenarios based on technical analysis, market sentiments and macroeconomic factors:

- **Current Trend**: In recent analysis, it is observed that AUD/USD has been in a bearish trend, hovering around levels like 0.6500, with key resistances around the 9-day EMA and support zones at lower levels.

- **Price Targets**:
- **Short-term**: Levels like 0.6650 - 0.6700 have been mentioned as potential targets for the end of the year, based on tactical strategies against the USD.
- **Medium-term**: If the DXY (US Dollar Index) stabilizes or declines, there is a possibility that AUD/USD will try to break higher resistances. However, if the bearish pressure continues, it could seek deeper support levels.

- **Technical Analysis**:
- **Resistance**: Key resistance is found around 0.6630, with a strong level at 0.6629.
- **Support**: Important support zones are located near 0.6558, with potential buying targets on corrections towards levels like 0.6619 or lower.

- **External Factors**:
- **Monetary Policy**: The US Federal Reserve's interest rate policy may put pressure on the USD, affecting the pair.
- **Australian Economy**: Economic data from Australia, such as the trade surplus, may influence the strength of the AUD.

- **Market Sentiment**: Based on X's posts, there is a mix of optimism and caution. Some traders are targeting selling opportunities near resistance levels, while others are looking for entry points for purchases on corrections.

**Important**: Forecasts for currencies such as AUD/USD are influenced by multiple global factors and can change rapidly. Investors should keep an eye on economic announcements, changes in monetary policies, and geopolitical events that may impact the market. AUDUSD
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