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THby u/thomasandersson·9hAnalysis

AUDUSD reaching 0.6850 by end of next week

Looking at $AUDUSD, the recent pullback from 0.6913 to its current 0.68979 feels more like short-term profit-taking rather than a significant shift in sentiment. However, the 0.6850 level has shown to be a reasonable support area in the past, and with some of the ongoing global risk aversion narratives, a retest isn't out of the question. I'd put the probability of us seeing 0.6850 by the close of next week somewhere around 40%. It's not a strong conviction play, but the odds feel decent given the current technical structure and broader macro winds.

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