AUD/USD ended the week with a significant loss of 2.61%. On Friday, AUD/USD traded in a 200-point range, ending the week below 0.6200. AUD/USD Price Forecast: Falling to 0.6100 as sellers unload early in the year; Otherwise, a move to 0.6300 is on the cards. On Friday, the Australian dollar ended the week on the wrong track, falling below 0.6200 in muted market sentiment, as investors avoided any currency risk, the Australian dollar. As a result, AUD/USD accelerated its decline to 0.6199, which is 1.58% below Friday’s open. AUD/USD price forecast The AUD/USD daily chart shows the pair swinging in a 220 pip range after hitting an intraday high of 0.63 7 and falling below 0.6200. Notably, on the way to the downside, AUD/USD closed at 0.6199 on Friday, showing key support levels such as the YTD low of 0.6169, which could open the door to 0.6100 if released. oscillators are in oversold conditions, although they are recording higher lows, while price reversals are recording lower ones. This means that a positive divergence can appear. In the near term, AUD/USD is neutrally biased, although oscillators in negative territory and price movements could open the door to further deterioration. Therefore, the first support of AUD / USD from the beginning of the year would be 0.6169, followed by 0.6100. The breakdown below shows the number 0.6000. Conversely, if AUD/JPY bounces back below 0.6200, it will show key resistance levels such as 0.6250 followed by a confluence of the 100, 20 and 50 EMA around 0.6276/77 followed by 0.6300.

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