Resistance at 0.67415: AUDUSD at Risk of a Deep Decline

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The 4H chart of AUDUSD shows the price facing a significant resistance zone around 0.67415, where the EMA 34 acts as a dynamic resistance.

EMA 34 and EMA 89 play crucial roles in the short-term trend, with the price fluctuating between these levels and possibly facing downward pressure if it fails to break through the resistance.

A key support zone is clearly marked at 0.66800, and if the price breaks this level, it is likely to continue its deeper decline.

In terms of news: The Australian Dollar is often affected by economic indicators from China, especially production and export data. Any negative factors from China's economy may further weaken the AUD.

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