Breakout 1H trendline, continuing to decline towards 0.6910

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Breakout 1H trendline, continuing to decline towards 0.6910AUD/USDOANDA:AUDUSDJolie_Scalper➡️News: 📖 Australia’s CPI data came in weaker than expected, putting downward pressure on the AUD/USD pair during today’s session. Although inflation in Australia slowed more than anticipated in February, it is expected to accelerate in the coming months due to rising energy prices. 📖 At the same time, AUD/USD is facing additional headwinds as the US Dollar (USD) remains strong amid ongoing geopolitical uncertainties. Technical Outlook: 📖 The 1-hour trendline has been broken, suggesting that the pair may continue moving lower. In addition, the downward slope of the 34, 89, and 200 EMAs further supports the bearish momentum. Support zone: 0.6910 Resistance zone: 0.7015 Support tools: EMA, Trendline, resistance - support areas Wishing you a successful trading day