**AUD/USD Tanks Below 200-Day Moving Average: Unraveling Downward Momentum and What’s Next** *Based on Adam Button’s analysis on TradingView, expanded with deeper insights into technical signals and macro drivers.*
AUD/USD has broken decisively below its 200-day moving average, signaling a shift to bearish momentum. The failure to reclaim this key level suggests further downside risk, with support near 0.6600 the next focus. Strengthening US dollar dynamics and cooling commodity prices are key drivers behind the move. Traders should watch for potential retracements and volume confirming the trend. Technical setups now favor continued selling pressure. #Forex #AUDUSD #TechnicalAnalysis
